Finantix, global technology provider to industries such as insurance and banking, has announced the opening of a new Australian office based in Sydney.
The opening of the office is set to provide the company with further support for its Asia-Pacific expansion and will be run by Todd Yarrow, formerly of Iress, and Martin McCabe, who joins Finantix from FIS.
Discussing the acquisitions of both McCabe and Yarrow, Finantix’ APAC Director, Damien Piper, stated: “We are very excited to welcome Martin and Todd to the Finantix family. They both bring a wealth of experience and knowledge that will be paramount in creating closer client relationships in Australia and more broadly in the Asia-Pacific region. This further demonstrates our continued evolution and dedication to the Asia-Pacific region and that our comprehensive and integrated digital solutions address our clients’ needs.”
McCabe, who started his career in London before moving to Australia 16 years ago, has experience with IBM as well as at DST and is credited for playing a significant role in growing the policy admin/wealth platform business across the Asia-Pacific region. He will now take up the role of Sales Country Manager for Australia at Finantix.
Yarrow joins Finantix in the role of Senior Business Development Executive for Australia having previously held similar positions during his time at Iress where he worked within the wealth management and stockbroking markets.
Regarding the opening of the Sydney office as well as the company’s expansion into the Asia-Pacific region, Piper concluded: “According to the Australian Treasury, the country’s financial services sector is the largest contributor to the national economy and has been a major driver of economic growth. The country’s sophisticated financial services sector and ideal position as a key hub for the Asia-Pacific region makes Australia a very attractive market.
“In addition, the wealth management sector has identified automation as an opportunity to do more with less as a response to rising expectations by Australian consumers. This means that the potential for technology to assist with the remediation of the underlying pain points remains largely unrealised, representing an important growth opportunity for us.
“Expanding our presence in this region was an obvious step in the execution of our ongoing global growth strategy. It further demonstrates our continued evolution and dedication to the Asia-Pacific region and supports our clients’ needs for a comprehensive and integrated digital solution.”