AxiomSL, the global provider of regulatory reporting, data and risk management solutions, announced the appointment of Andrew Wood as the company’s Country Manager for Australia. Wood will be based in Sydney and his appointment is in line with the company’s commitment to expanding its Asia Pacific (APAC) footprint and growing client base in Australia.
Andrew Wood has over 20 years of experience leading the transformational change management teams in Macquarie Bank as well as Deutsche Bank.
As global regulators tighten reporting standards and requirements, we have experienced increased interest from financial institutions looking for a platform that is able to tackle cross-jurisdictional reporting requirements across markets in APAC. Australia is one example with financial institutions facing an expanding array of international and domestic reporting requirements” said Olivier Kamoun, APAC CEO and Chief Product Officer, AxiomSL. “The Australian Prudential Regulation Authority (APRA) has recently released a slew of new reporting requirements with some coming into effect mid-2017. We are currently in talks with several major Australian banks and a common trend we’ve seen is that these financial institutions are now aware that they need to be better equipped with a strategic framework ahead of implementation day.
We are excited to welcome Andrew onboard given his experience and local market knowledge. 2016 was a successful year for us as we widened our client database and deepened our relationships with existing clients. Our clients choose us because of our ability to meet regulatory reporting requirements across markets and our proven flexibility in integrating systems. In view of our 2017 expansion plans, we will also be doubling our business development team to better address our clients’ needs in key APAC markets” he added.
Commenting on his appointment, Andrew Wood said:
I am looking forward to being a part of the AxiomSL APAC team. Australia will be a key focus for AxiomSL this year and I am pleased to be joining the firm at this exciting time of growth. With the new reporting requirements coming into effect, it is essential for financial institutions to be equipped with an integrated platform that will enable them to swiftly adapt to the evolving regulatory environment both domestically and internationally.