Calypso Technology Inc., a provider of capital markets and investment management software, has reinforced its ME operations with the addition of Sameh Fouad as its newest Regional Director for the Middle East, Africa, and Turkey.
In his new role, Sameh will be based out of the group’s Dubai office but with regional coverage. He joins the group after nearly two decades in the multi-asset transaction and data processing space, having worked at a number of leading venues in the industry.
Prior to coming over to Calypso, Fouad worked at DXC Technology, where he was the General Manager for more than two years. He specializes in software and managed services, principally for the financial sector in the Middle East.
Calypso has a growing number of clients across the Middle East. Most recently, it signed Emirates NBD, a Dubai government-owned lender and one of the largest banking groups in terms of assets. The deal allowed Calypso to take a piece in Emirates NBD’s $410 million investment in a multi-year digital transformation plan.
CEO Spotlight: Alon Rajic on the Future of UK/EU Trade and EconomicsGo to article >>
Sameh drives forward Calypso expansion in the region
The company has been also involved in developing a blockchain application for FX trade matching confirmations with a group of global financial institutions. This is done in collaboration with the R3 consortium, which Calypso joined in 2017.
“Digital transformation is on the minds of most bank CEOs in the region, and the implications of ‘digital’ on the use of data and data security are keeping many executives awake at night,” said Sameh Fouad while commenting on his appointment.
He added that middle eastern companies are now seeking to consolidate multiple systems that have resulted from merger and acquisition activity. As such, Calypso stands here to address these challenges with a cross-asset, integrated, and front-to-back platform, offering what the company claims “one of the highest levels of STP in the industry.”
“I am delighted that Sameh has joined us as Regional Director. He brings a wealth of experience of our industry and his background further strengthens our understanding of the region’s requirements and culture. Calypso is here; we are growing, we are learning. And we are bringing in people like Sameh who have spent their whole career in the region to drive forward that growth,” said Olivier Vinciguerra, managing director, Northern Europe, Middle East and Africa at Calypso Technology.