Sophis opens German office and appoints a Regional Sales Manager to drive expansion in Central Europe

Frankfurt, August 1st 2002 – Sophis, a recognized expert in portfolio and risk management systems, has just open its German office in Frankfurt. The company, which is already established in England, France, Ireland, Japan, China and United States continues its geographical expansion in order to tighten its links with the Central European market.

Sophis software are already heavily used in major German banks such as Hypo-Vereinsbank and LBBW. Now, the on-going demand for sophisticated portfolio and risk management solutions encouraged the establishment of a strong local presence. The office will be managed by Luwei SHI, who was appointed as Regional Sales Manager.

Chairman of Sophis Hervé Vinciguerra comments 'With over five years of experience in the German financial software industry, Luwei has an acute understanding of the marketplace. He is well equipped to ensure that we remain close to our clients needs and to lead our expansion in Central Europe.'

Luwei says 'I am very excited to join Sophis at this time. With significant projects in the pipeline, including our new asset management solution and our energy market system, also with Sophis' very strong position in the OTC derivatives market, we are perfectly placed to deliver strong and innovative solutions to our Central European clients.'

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