Sophis appoints Anar Qasem to drive business development in the Middle East and Turkey

London and Dubai - 12 January 2011

New appointment demonstrates Sophis’ commitment to the region and highlights the area’s growing demand for equity derivatives technology

Sophis, a leading provider of cross-asset, front-to-back portfolio and risk management solutions, today announced that it has appointed Anar Qasem as its new sales director for the Middle East region. Anar will be responsible for new business development and client relationships across the Middle East and Turkey.

Before joining Sophis, Anar held a variety of senior roles within financial technology organisations, including Vice President Regional for FinArch; Business Development Manager, Middle East and Africa at MANSOFT; and Territory Manager at Oracle MEA. He has also worked at Netways and Jordan Telecom Group, part of Orange Telecom. His qualifications include a BSc in Computer Science from Yarmouk University in Jordan and a BSc in Telecommunication Engineering from North Carolina State University.

Anar will build on Sophis’ successful business in the Middle East from its regional headquarters in Dubai. He joined Sophis because of its technology leadership, its excellent relationships with clients and its enviable track record.

He comments: “Sophis has a very clear idea of where it is headed and how to get there. It is rare to find a company that has such a well-rounded and complete proposition - one that is so well-suited to the asset management industry, which is growing quickly in the Middle East. Sophis has enjoyed significant success globally in 2010, so it’s great to be joining a winning team.”

Sebastien Roussotte - COO UK, Middle East, Sophis, said: “We welcome Anar to the team – his experience and knowledge of the Middle-Eastern financial technology marketplace make him an ideal candidate for the role.

“We believe that there is huge potential to expand the equity derivatives marketplace, with prospects for trading futures listed on other GCC and Middle-Eastern individual stocks and equity indices, as well as equity options in the near future. Sophis will be first choice for traders moving into these areas, given our track record and solid understanding of those instruments.”

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