Thomson Financial establishes presence in the Middle EastPress Release 31 Jul 2006 11:38 am
Thomson Financial, an operating unit of The Thomson Corporation (TSX: TOC, NYSE: TOC) , and leading provider of information and technology solutions to the worldwide financial community, today announced that it has opened an office in the Dubai International Financial Centre (DIFC).
Assem O. Kabesh, Chief Business Development Officer and Board Member at the DIFC, said: “Access to reliable market and historical data is important to ensure transparency of financial markets, in line with the high standards set at the DIFC. Investors, lenders and corporates will undoubtedly benefit from Thomson’s leading data services and ability to accurately quantify the region’s growing financial markets”.
Mark Jackson, Head of Middle East Sales, Thomson Financial, commented: “Thomson Financial has had the privilege of working with financial services companies in the Middle East region for over 10 years. The launch of the Dubai office fits perfectly with our strategy to drive international growth and secure important new revenue streams. Our clients are eager for us to participate in the regions development in relation to market transparency and disclosure, given our unique position in providing workflow solutions for the Investment Management, Investment Banking and Corporate communities. We are excited by the opportunities presented from developing our Middle East business from the dynamic and innovative environment which the DIFC provides”
Thomson Financial has a range of solutions offered to clients through its market leading Thomson ONE application framework. Allowing for the easy integration of content and tools from Thomson Financial, third parties and clients own proprietary systems; Thomson ONE can be configured to the specific needs of the Investment Management, Investment Banking, Private Equity, Wealth Management, Corporate, Institutional Equity, Institutional Research and Fixed Income communities.
Thomson ONE draws on content contained within Thomson Financial's market leading products which include Thomson Datastream the world's largest historical time series database, Thomson First Call and IBES Estimates, Thomson SDC deal data and Thomson Worldscope fundamentals.
inally, Thomson Financial has signed an agreement with Estarta Solutions, an international IT solutions provider headquartered in Amman, Jordan, to provide sales and implementation support in the Middle East and North Africa (MENA) region for Thomson PORTIA. Thomson PORTIA is the investment industry’s most comprehensive portfolio management system used by over 300 money managers in 40 countries, managing more than ten trillion dollars in assets.