Asset Control Opens Zurich Office, Hires Senior Sales Executive

New York, NY - 26 January 2011

Asset Control, the worldwide leader in financial data management solutions, announced today the opening of its office in Zurich, Switzerland and the hiring of a new senior sales executive for Europe, Patrick Odoni. Asset Control is also expanding its professional services and sales staff in Zurich to meet growing customer demand in the region.

Patrick Odoni has joined Asset Control as senior sales executive for Europe based in Zurich. After completing his master’s degree in finance at the University of St. Gallen in 1998, he was a consultant at SunGard in Zurich and New York focusing on large-scale trading and risk management projects. Patrick then returned to Switzerland to become managing partner at talkfinance ltd., which specialized in risk and return measurement services for asset managers and banks. Following the acquisition of talkfinance ltd. by COMIT, Patrick oversaw implementation projects for COMIT’s proprietary risk and return solution, subsequently expanding his role to include sales and business development. He also holds the FRM and the CAIA certifications.

John Mitchell, vice president, global sales at Asset Control, said, “The addition of our Zurich office will help to expand our ability to service the unique and evolving needs of our European clients. Increasing investor demand for transparency and consolidated reporting, as well as changing compliance requirements are driving data management projects. Furthermore, the growth of private banking and wealth management, and the need for institutional asset servicers to support new client mandates and different parameters for trading, also require centralized data management and audit.”

In addition to its New York headquarters, Asset Control has offices in Toronto, Canada; London, UK; Dublin, Ireland; Amsterdam and Beetsterzwaag, The Netherlands; Zurich, Switzerland; Hong Kong, China; and Tokyo, Japan.

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