Calypso Technologies Inc, a California based provider of capital markets and investment management software recently revealed in an announcement that it has made a new addition to its senior-level management team.
As per the announcement made by the firm, it has hired a new regional director to serve as the head of its Middle East business division. The move was made public via a post made to the firm’s official LinkedIn page which also contained a link to its official press release.
The announcement stated that the firm has hired a UAE based veteran Mr. Mohamed Sameh Fouad who has nearly two decades of experience serving in the banking and fintech sector to serve as its regional director for the Middle East, Africa, and Turkey market regions. While the announcement was just made earlier this week, Mr. Fouad has been serving as regional director at the firm since September earlier this year.
In his new role as regional director, Mr. Fouad is responsible for handling the firm’s efforts aimed at expanding its strong presence in the region by continued investment in local sales, training, customer success, and professional services. Simply put, his role is to manage Calypso’s growing strategic client accounts and continue to expand Calypso’s operations in the region.
The firm has recently seen a sharp spike in its clients base in the Middle East region especially post its partnership with Emirates NBD to deliver one of its most sought after comprehensive implementations of its flagship treasury platform as part of their multi-year digital transformation journey.
The increase in clients comes from a high demand for the product solutions from buy-side firms and central banks aside from local financial service providers. Some of his most notable roles prior to joining Calypso are – General Manager at DXC Technology, Head of Sales at FIS and Regional Sales Manager at Misys Banking Systems.
Commenting on his new role at the firm, Mr. Sameh said, “Digital transformation is on the minds of most bank CEOs in the region, and the implications of ‘digital’ on the use of data and data security are keeping many executives awake at night. They want a fully integrated platform across the bank to increase efficiency. They also need to consolidate multiple systems, which have resulted from merger and acquisition activity. Calypso is helping to address these challenges with a strong cross-asset, integrated, front-to-back platform, offering one of the highest levels of STP in the industry and including the new digital distribution channels which are expected by today’s clients, such as eDealing and Treasury Portal”.
Speaking on the same note, Olivier Vinciguerra – Managing Director for MENA region said, “I am delighted that Sameh has joined us as Regional Director. He brings a wealth of experience of our industry and his background further strengthens our understanding of the region’s requirements and culture. Calypso is here; we are growing, we are learning. And we are bringing in people like Sameh who have spent their whole career in the region to drive forward that growth”.