JOINT VERNTURE IN THAILAND
WITH WEALTH MANAGEMENT SYSTEM LIMITED
15th Nov 2006
Bangkok, Thailand – Alchemy Associates
/ Alchemy Technologies announced today that it has agreed
to work with Wealth Management Systems Limited (Thailand).
This joint venture will be based on Basel II and Risk
Management engagements with client institutions in Thailand,
Pakistan and the Middle East.
Wealth
Management System Limited (WMSL) is a leading CMM level
2 financial software company, with their headquarters
in Bangkok. They provide solutions to financial institutions
in asset, treasury and risk management. WMSL holds more
than 40 percent of the market share in the financial applications
sector in Thailand. Customers include commercial banks,
finance and securities companies, mutual funds companies,
assurance & insurance companies, investment companies,
financial departments of public companies, regulators
etc. The company has won numerous awards and recognitions
for its quality products and services.
Jawwad
Farid, Chief Executive of Alchemy Associates on the subject
said, “We have been evaluating different markets
in the region for the last two years. At the end it came
down to partners and we agreed to join hands with Wealth
Management System Limited because of the depth of their
expertise and market credibility. We hope that this partnership
will be the start of a long and fruitful relationship”
Alchemy
is a boutique risk management firm with customers in Pakistan,
Middle East and Thailand that has been growing at more
than 100% a year, year on year for the last four years.
The company’s flagship product, the “Alchemy
Risk Manager” has won multiple industry awards and
has been successfully implemented at multiple client sites
including banks and insurance companies.
-end-
For
additional information about the firm, please contact:
Jawwad
Farid / Uzma Salahuddin
Alchemy Associates / Alchemy Technologies
241-2C, Block 2, P.E.C.H.S.
Karachi-75400, Pakistan
Tel: +92 21 455 6431
Fax: +92 21 455 6447
Email: jawwad@alchemya.com, uzma@alchemya.com
Website: http://www.alchemya.com
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