Supplier of solutions to the financial services industry, Confisio, has confirmed it is to open a London office.
These plans come as the firm, originally based in Cyprus, are continuing to grow in the European market.
The firm’s new London office space is situated in the centre of London’s financial district, at 1 Royal Exchange Avenue, formerly a building which was a functioning bank.
Confisio will use its new London office space to provide a local service to its clients in Europe.
Confisio CEO, Christodoulous Papadopoulos, said he hoped that the London office would allow the firm to be closer to both, its existing and prospective clients as they search for new tools, and services to aid them in navigating complex regulatory environments.
Papadopoulos added: “Our client base and business have grown significantly and increasingly the bulk of our clients are based not in our home market but elsewhere in Europe, particularly London.”
Current head of sales, Andreas Roussos has been earmarked to head up the operation in London, splitting his time between Cyprus and London.
Confisio offers a range of services to its clients to ensure that they meet regulations set by the European Market Infrastructure Regulation (EMIR). Its services include compliance and consultancy support, collateral valuation, reporting and data management.
By: Kirsty MacGregor
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