Axxiome Group, a financial services provider focusing on advisory in banking and insurance, has set up a permanent division in Singapore to serve its clients in the Asia Pacific region.
The move comes as part of the firm’s strategy to expand the Axxiome brand across the Asia Pacific region and to bring methods and accelerators aimed at financial services transformation to the region.
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The Asia-Pacific team will be headed by Stefan Afendoulis as director for advisory services and Kris Hansen as global head for Axxiom Advisory.
The duo will be actively involved in business development and advisory activities in banking and insurance.
Additionally, Axxiome has also entered into alliances and partnerships with other vendors and service providers in the region.
Axxiome will work on these joint ventures and combine specialized financial services methods and expertise with strong local partners.
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By GlobalDataMichael Mauk, CEO of Axxiome, said: "The business challenges associated with growth, expansion and increased regulatory compliance combined with the growing complexity of legacy bound systems have created a high cost of change and a lack of flexibility of financial services landscapes. Our goal is to help financial services firms modernize and simplify these landscapes and reduce complexity to create increased flexibility and reduced operations cost."
