RIMES opens Singapore office for expanded Asia-Pacific presence

Response to rising data services demand.

Managed data services provider RIMES announced that it has expanded its presence in the Asia Pacific region with the opening of an office in Singapore, complementing its existing presence in Shanghai and Sydney.

The company said this move is a response to the significant demand RIMES is experiencing from investment management firms in the region who are struggling to manage an increasing number of complex benchmarks and data sets against a changing regulatory backdrop.

The Singapore office is located at 1 Raffles Quay and will be led by Thomas Gooding, Sales Manager for Asia, reporting to Ed Batt, Global Head of Sales.

Thomas Gooding comments: “We already work with a number of firms in Singapore, but establishing a new local office is recognition of the growing importance of Asian financial markets and our commitment to investment managers in the region. Having a physical presence in Singapore will allow us develop strong relationships with Asian buy-side firms, understand their data management pain points and deliver expert service and solutions.”

Ed Batt, Global Head of Sales at RIMES, comments: “RIMES has developed a truly global presence across more than 36 countries, helping buy-side institutions across the world deal with the increasing complexity of financial data management. We have seen a huge increase in demand for our services in the last year and our expansion in the Asian region is a part of our ongoing global growth strategy.”