Financial Objects, the leading supplier of advanced technology banking software and services, continues its expansion strategy with the appointment of three new sales staff. The recruitment drive signals the increasing success of Financial Objects’ ActiveBank products in 2001.

Alfred Lee will support growing demand for Financial Objects’ component-based ActiveBank technology throughout north Asia from the company’s newly opened office, located in the ‘One International Finance Centre’, Hong Kong. Prior to joining Financial Objects, Lee spent six years in Hong Kong with Midas-Kapiti International where he was responsible for the business development of corporate, retail, treasury, trade finance and e-banking solutions.

Mark Rose brings vast experience of international banking and financial software after providing solutions to global banks and financial institutions for 25 years. At Financial Objects, Rose is responsible for global business development within the company’s e-banking division, which produces Financial Objects’ virtual banking solution, ActiveBank e. Previously Rose was at China Systems and Barclays.

Peter Schmitt joins Financial Objects from a business development role with Midas-Kapiti International, where he managed sales throughout Africa for MKI’s products such as Equation, Midas, Opics, Trade Innovation and City Dealer. In his new role Schmitt will be responsible for developing the ActiveBank products’ market share throughout the UK, as well as establishing and building partnerships with companies such as Microsoft, Hewlett-Packard, Compaq, Intel and consultancies in the financial services sector.

Karim Peermohamed, sales director, Financial Objects, says: The worldwide demand for our ActiveBank products has grown continually throughout 2001. In

direct response to this we have restructured and expanded the sales team, and opened new premises to accommodate key regions. The flexibility of ActiveBank’s component technology ensures that we can meet the needs of international wholesale, retail and virtual banking operations whatever their requirements.