Digital & Technology

Fenergo Bolsters APAC Presence amid Rising Demand for RegTech Amongst Financial Institutions

Fenergo, a leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions, has announced the appointment of Gary Brookes, Head of Sales in Asia.

Brookes will spearhead growth and execute Fenergo’s cloud strategy across the Asian continent, the firm said in a press release.

Brookes brings an extensive background in driving revenue for disruptive and fast growth technology firms across Asia and Australia. Brookes will expand Fenergo’s sales presence in Singapore, Tokyo and Hong Kong and will be responsible for growing and strengthening Fenergo’s partner ecosystem to boost market share and accelerate implementation. He will further establish Fenergo’s presence in capital markets while accelerating growth in commercial, business, retail and private banking as firms seek to accelerate digital transformation and automate Know your Customer (KYC) and anti-money laundering (AML) compliance processes.

Gary Brookes, Head of Sales, Asia, Fenergo, said: “Our research shows that financial institutions (FIs) in APAC were fined more than anywhere else in the world at USD5.2 billion in 2020. They are under unprecedented pressure to satisfy regulatory requirements while meeting high customer expectations for a frictionless end-to-end client experience. Fenergo’s deep expertise in financial services, market leading CLM solution and regulatory rules engine covering 100 jurisdictions make it perfectly placed to support the specific needs of financial institutions in APAC and I’m excited be joining at this growth juncture.”

Paul Kavanagh, Chief Revenue Officer, Fenergo, said: “The increasingly active regulatory environment combined with the impact of the pandemic has triggered high demand for our CLM solutions amongst APAC FIs. We are delighted to welcome Gary who will deliver on our promise to provide cloud-based CLM solutions that enable FIs to automate compliance processes, deliver frictionless client journeys and accelerate time to revenue.”

Brookes has previously fulfilled sales leadership roles at Datasite, eFront and Ansarada.