Nordic Financial Systems To Expand in South East Asia

Nordic Financial Systems (NFS), which opened a support operation in Singapore in October 2000, is to increase its presence in South East Asia by recruiting additional local sales representatives and technical resources. Nordic Financial Systems’ Singapore office was established to support the regional treasuries of its European clients. In May 2002, the firm launched its Treasury Support Center in Singapore, an IT and business support service for the corporate treasury departments of multinational corporations and their subsidiaries. Magnus Lind, CEO, Nordic Financial Systems, said, ‘South East Asia is a strong financial centre and a very important market for us. Many of our existing European customers, like Electrolux, have treasury centres in Singapore so it makes perfect sense for us to be there and support them locally. As more European corporates and their Asian counterparts are taking on board the benefits of Treasury Support Center, we need to invest further in the region to support growing demand.’


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