18 March 2013

Factbook Launches Office in Cape Town, South Africa

London/Cape Town - 18 March 2013 - Factbook has expanded its global footprint with launch of an office in Cape Town, South Africa. Factbook is a specialist provider of fund reporting, marketing and data management solutions to the investment community. 

Karen Coleman heads up operations in Cape Town. Coleman has spent over 25 years in the financial services industry, in the UK, Europe and South Africa, with Micropal, S&P and most recently as Director of Research Strategy at Morningstar. 

Coleman said, “Having dedicated the past 15 years of my career to the South African financial services industry I am extremely excited to be involved in bringing Factbook here. In common with markets across the world, South Africa has experienced significant evolution of both the commercial and regulatory environments over recent years. This has inevitably brought with it significant challenges for industry participants wishing to meet their reporting obligations in a cost efficient, timely and above all robust manner. Factbook’s extensive solution suite provides industry leading tools which will help local asset managers to not only meet current and future regulatory requirements, but also to achieve their aspirations of efficiently delivering differentiating services and reporting to their clients. This strength is evidenced by the signing of our first institutional client within such a short time of our entry into the local market and we look forward to similarly helping many other local and international industry participants over the coming months and years.” 

Abbey Shasore, founder & CEO of Factbook, added, “This exciting step forward strongly reinforces our positioning in the territory and accelerates our commitment to expansion across EMEA.” 

Source: Factbook