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Enfusion Expands Global Footprint with New Office in Sydney, Australia
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
Enfusion, a cloud-based investment management software provider, has announced the opening of its first office in Sydney, Australia. This expansion aims to meet the growing demand for operational solutions from investment managers in Australia and New Zealand. CEO Thomas Kim highlighted the company's commitment to enhancing service for existing clients and expanding their global presence, having already entered the Asia-Pacific market in 2019. The Sydney office marks their tenth global location, reinforcing Enfusion’s strategy to offer customized SaaS solutions worldwide.
Positive
Opening of a new office in Sydney enhances regional presence.
Addresses growing demand for operational solutions in the Australia/New Zealand market.
Sydney office is Enfusion's tenth global location, supporting further expansion.
Negative
None.
NEW YORK & LONDON & HONG KONG--(BUSINESS WIRE)--
Enfusion, Inc. ("Enfusion") (NYSE: ENFN), a leading provider of cloud based investment management software and services, recently announced the opening of a new office in Sydney, Australia, which will be Enfusion’s first in Oceania. The location in Sydney will allow Enfusion to adequately respond to the increased demand for innovative operational solutions and extend its best-in-class SaaS platform and technology-enabled services to a growing base of investment managers in the region.
“We doubled down in several regions including Asia, Europe, the Middle East and Africa, and North America over the past year, and due to the increasing demand for our solutions in Australia and New Zealand, we knew the best next step was to solidify our presence in Sydney, which also allows us to better serve our existing clients,” said Thomas Kim, CEO of Enfusion. “Sydney will be our tenth global office as we continue to make our cloud-native SaaS platform and managed services solutions available globally, while catering to the unique needs for each market. We are thrilled to better support our existing clients in the region and look forward to the opportunities ahead.”
Enfusion started serving hedge funds, asset managers and superannuation firms in Australia in 2019. Raymond Chan, an industry veteran with 20+ years of Asia-Pacific (APAC) and Oceania experience working at sell-side brokers and investment managers including Morgan Stanley, Goldman Sachs, CITIC, and PAG serves as Head of Sales, Australia and New Zealand, for Enfusion.
The opening of a Sydney office is another step in a breakthrough year in APAC for Enfusion. In July 2021, Enfusion expanded into Shanghai through forming a wholly foreign-owned enterprise (WFOE) in China (Enfusion (Shanghai) Co., Ltd). This marked the first official step in Enfusion’s expansion into mainland China and reaffirms the firm’s long-term commitment to serving investment managers in APAC.
About Enfusion
Enfusion's investment management software-as-a-service platform removes traditional information boundaries, uniting front-, middle- and back-office teams on one cloud-native system. Through its software, analytics, and middle/back-office managed services, Enfusion creates enterprise-wide cultures of real-time, data-driven intelligence, boosting agility, and powering growth. Enfusion partners with 650+ investment managers from 10 global offices spanning four continents.
Source: Enfusion, Inc. Source Code: ENFN-IR
ABX-CORP
What is the significance of Enfusion's new office in Sydney, Australia?
Enfusion's new office in Sydney is significant as it marks the company's first presence in Oceania, allowing them to meet the increasing demand for their operational solutions from investment managers in Australia and New Zealand.
When did Enfusion start serving clients in Australia?
Enfusion started serving hedge funds, asset managers, and superannuation firms in Australia in 2019.
Who is the CEO of Enfusion?
The CEO of Enfusion is Thomas Kim.
How many global offices does Enfusion have after opening the Sydney office?
After opening the Sydney office, Enfusion now has ten global offices.
What market regions has Enfusion expanded into recently?
Enfusion has expanded its services into several regions including Asia, Europe, the Middle East, and Africa over the past year.
