Quartet Financial Systems, the financial software developer, has announced the opening of its Singapore office as part of its network expansion plans into the Asian region.

The new office is located at Amoy Street and is expected to cater to all support necessary for clients within the Asia Pacific. The launch also comes with the appointment of David Cassonnet to head the new branch. Cassonnet was previously the head of the summit system professional service team at Misys Asia.

"We have seen fundamental changes in the banking industry in the last two years and now most financial institutions are facing tremendous pressure to not only adapt their systems to new regulations, but also new internal policies in terms of risk monitoring across all asset classes," said Cassonnet in a statement.

The newly installed Singapore head also noted that the time is ripe for bringing Quartet FS' software components to Asia especially with the increasingly massive investments financial organisations allot for front-to-back trading platforms and the like.

Quartet FS is the creator of ActivePivot and ActiveStream, two of the more popular software systems used by financial organisations today.