Paladyne Systems, a provider of technology and services to the global hedge fund Industry, has opened a Hong Kong office in response to an increasing demand for hedge fund technology and services in the Asia Pacific region.

Paladyne has appointed Eric Royer as the new regional director of Paladyne Asia with responsibility for managing all aspects of Paladyne’s Asian business operations.

Paladyne provides alternative asset managers in Asia Pacific with a standardised and integrated front, middle and back office solution.

The Paladyne suite is available either as a local install or as a hosted application service provider solution.

“The Asia Pacific region is an exciting growth area for the alternative investments industry, and Paladyne is well positioned to services funds of all sizes at the most efficient cost possible,” says Sameer Shalaby, chief executive of Paladyne Systems. “Eric, with his in-depth knowledge of the region, has the insight, experience and leadership to locally support and expand our client base, establish relationships with complementary vendors and grow Paladyne’s presence in the region.”

Prior to joining Paladyne, Royer served as managing director of Tradar Asia and established its Hong Kong office. He managed all local operations for Tradar Asia including sales, client support, account management, product management, quality assurance and professional services.

“Paladyne has developed an extremely comprehensive suite of products and a robust ASP solution that addresses the operational requirements of both start-up and complex Asian fund managers,” says Royer. “Paladyne’s order and portfolio management solution supports multiple prime broker relationships as well as managed accounts and addresses the needs of investors regarding transparency and operational control and risk mitigation.”