MIT (Micro Informatique& Technologies SA) has just officially completed the opening of an office in Singapore, which will act as MIT operational centre for the Asia Pacific region. Yet another achievement for MIT following its recent announcement that its TRAC (Trade Risk Active Control) Collateral Management system had recently been selected by OCBC to support its growing Trade Commodity Finance business in Asia. The office will already serve two customers in Singapore, namely OCBC and NATIXIS, but plans to grow significantly its regional Customer base within the next two years, and extend its reach well beyond Singapore.

Jean-lucSpinardi, long-time member of the MIT management team, has been appointed “Regional APAC Manager”. Spinardi will run the Singapore office for MIT, and will be in charge of promoting MIT products throughout the region. Jean-lucSpinardi declared “I am very excited with this new challenge,and I am confident MIT’s expertise in Trade Commodity Finance will help our Company to be successful in Asia, and especially in Singapore, the largest Commodity Trade Finance hub in the region”.