Citigroup has restructured its Asia Pacific operations to give more authority to its regional heads by splitting the business into four geographic regions: Japan, North Asia, South Asia and Southeast Asia Pacific.

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Tata Capital has signed a memorandum of understanding with Mitsubishi UFJ Securities (MUS) to establish a basis of cooperation in a wide range of strategic business areas. This includes cross border investment banking, the global sales of Indian equities and the enhancement of Tata Capital’s IT infrastructure for trading services.

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Tora Trading Services, an electronic dealing platform provider, has opened a new sales and support office in Singapore. Laura Hanson, who was previously with BGC International and Cantor Fitzgerald in Singapore and New York and is now vice president at Tora, has been appointed to lead the new office.

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Eon Bank Group has signed a partnership agreement with SAS Malaysia as part of its infrastructure project, which it has dubbed “project quantum leap”. The bank’s strategic priorities for the project are to achieve sustainable growth by building scale by focusing on areas with the biggest impact on revenue.

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Kx Systems has signed a partnership agreement with Hologram Business Intelligence, an Australian-based supplier of business performance management solutions, under which Hologram will provide sales support for Kx to the Asia Pacific region.

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Interactive Data’s eSignal division has signed an official reseller arrangement with Japanese commodities specialist and news provider Oval Next Corporation, under which it will sell eSignal’s FutureSource Workstation, LiveCharts, Market-Q and QuoTrek products to Japanese customers.

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Credit Suisse is setting up operations in Pakistan with an office in Karachi, with a view to enhancing its equity research coverage of Pakistani companies. The bank has appointed Farid Ahmed Khan to head its equity research and sales platform in the country, which it hopes to extend into a full broker-dealer operation by the start of 2009.

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Serisys Solutions has opened its South East Asia headquarters based in Singapore as part of its growth strategy in the region. The vendor points to the country’s recent infrastructure and regulatory developments as proof of its status as a leading financial centre in the region and its suitability as a hub for Serisys’ operations.

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Following the opening of a Beijing office at the end of last year, DST International (DSTi) has opened a new office in Shanghai’s financial district in order to support its plans for expansion in the Chinese market.

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A little over a year after quietly acquiring it – and just a few weeks after replacing Fredy Bush as CEO – Xinhua Finance has agreed to sell Kinetic Information System Services, along with sister Xinhua unit Mergent Inc., to a private equity fund, Carousel Capital Partners III. The deal, valued at $93.5 million, makes good on Xinhua Finance’s recent strategic decision to shift emphasis to its Chinese operations, and emerged to coincide with the company’s annual general meeting on June 25.

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China’s financial information and media service provider Xinhua Finance has promoted the current company president, Jae Lie, to be CEO, and the current vice chairman and CEO, Fredy Bush, will take the executive vice chairman role.

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FFastFill has acquired Exchange Technologies, an Australian company specialising in the provision of middle office software in the APAC region with 16 customers including 12 global banks – three of whom are new customers for FFastFill – to support the Group’s Asia Pacific and middle office strategy.

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BNY ConvergEx Group has expanded its reach into the Asian market with the launch of a new office based in Hong Kong under the moniker Eze Castle Software - Asia Pacific Ltd. R.G. Manalac, who is currently managing the company’s West Coast operations and is director of consulting at Eze Castle Software, will run the office.

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EDGAR Online has formed a deal with the Korea Information Service (KIS) to deliver South Korean public company fundamental data via its I-Metrix Products in the eXtensible Business Reporting Language (XBRL) format.

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With the aim of expanding its presence in Japan, Quantifi, an analytics and risk management solutions provider to the global credit markets, has formed a partnership with Rickie Market Solutions (RMS).

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29West, a provider of low-latency messaging technology has partnered with Intelligent Wave (IWI), integration specialists in network technologies serving the financial services industry, so that IWI will provide 29West ultra-low latency solutions and technical support to securities firms and other financial institutions in Japan.

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Bank of New York Mellon Corporation-owned fund management systems specialist Eagle Investment Systems is opening a new Asia Pacific office in Sydney, Australia.

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Independent electronic foreign exchange (eFX) trading technology provider Integral Development is opening an office in Hong Kong to expand its sales organization to eight offices. The company has also hired Margaret Ma as the office’s first sales executive. Ma recently ended a 13-year career at EBS in Hong Kong where she participated in the introduction of both eFX and fixed income products, including NDFs in regional currencies.

Enterprise data fabric provider GemStone Systems and Talentain Technologies, a niche enterprise solutions company, have formed a partnership to deliver high performance computing solutions to the markets in India, the Middle East and South East Asia.

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Indian fintech vendor I-flex is changing its company name to Oracle Financial Services, to reflect its “close strategic and operational alignment” with parent company Oracle, which holds a 81 per cent stake in its business.

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