Financial Technology Companies Expand in 2011

Wall Street bonuses may have fallen 8% in 2010 according to a survey conducted by the Office of the New York State Comptroller, but it’s no reflection on whether or not Wall Street plans to buy this year. There has been a good indication of growth in the financial technology space in Q1 of this year with a steady stream of global announcements for new offices and hires.

Here is a list of announcements we’ve seen come in from various financial technology companies ramping up for a promising 2011 thus far:

January

SIX Telekurs USA Positions For Growth With Senior Hires

Asset Control Opens Zurich Office, Hires Senior Sales Executive

BI-SAM expands its reach from Hong Kong to Singapore and Australia

DST Global Solutions appoints two new Heads of Sales for Asia to support business growth

February

OpenLink Expands in APAC Region to Meet Growing Demand

Lombard Risk expands senior management team to continue rapid growth experienced in 2010

Blancco Expands Global Presence by Opening Three New Area Offices

MoneyMate Expands North American Operations with New Boston Office

Numerix Opens Mid-West and West Coast Sales Offices

ConvergEx Group Launches New Full-Service Office in Chicago for the Eze OMS

March

Algorithmics Continues Asia Pacific Expansion with Investment in Insurance Business with Two Senior Appointments for Algo Financial Modeler, Formerly Known as VIPitech

Profidata Group opens London Office

*With three weeks left in March, we will continue monitoring, so check back for updates.

It looks like financial technology firms have slotted 2011 as a year for growth and opportunity and we hope to see this continue for the remainder of the year. What do you think this list reflects, if anything, for IT spending this year?

About Maureen Lowe

President and Founder of Financial Technologies Forum, LLC. Editor-In-Chief of FTF News. Entrepreneur, Jersey Girl that recently returned to Jersey, Loves to Bake, Married to a Kiwi, First Time Mom
This entry was posted in Financial Technology, Wall Street and tagged , . Bookmark the permalink.

One Response to Financial Technology Companies Expand in 2011

  1. Pingback: Financial Technology Companies Expand in 2011 | The Bull Run | Cmofinance.com: Where Digital marketers get their news

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