LONDON, February 15 /CNW/ - AEMS (Atos Euronext Market Solutions) and
Bursa Malaysia Berhad (Bursa Malaysia) today signed a Letter Of Intent
outlining plans to establish a joint venture company which will focus on
offering IT solutions and services to Bursa Malaysia, as well as AEMS'
existing and future prospects in Asia.
Bursa Malaysia's Chief Executive Officer, Dato' Yusli Mohamed Yusoff
said, "We are hopeful that any further partnership with AEMS may open up
possible opportunities for further regional collaboration in
technology-related areas."
It is intended that the proposed joint venture, which will be owned
50:50, will combine AEMS' resources and innovative technology solutions with
Bursa Malaysia's expertise in IT management.
Through the proposed JV, both parties expect to create cost savings and
operational synergies that would enhance their ability to service and compete
in increasingly challenging global financial markets.
"Building on our successful business relationship with Bursa Malaysia, we
see many other opportunities to deliver cost effective solutions for brokers,
exchanges and clearing houses in the region. The combination of our global
expertise and leading edge solutions, encoupled with Bursa's local presence
and skilled resources, will position us to effectively service the Asian
market" said Jean-Marc Bouhelier, Chief Executive Officer of AEMS.
In the event that both parties decide to proceed with the JV, the
intention would be to execute the agreement by end of September 2007.
The Letter Of Intent is not intended to be legally binding.
About AEMS:
AEMS is the leading global provider of technology solutions for
exchanges, clearing houses, banks, brokers, and intermediaries.
AEMS was created by two industry leaders - Atos Origin and Euronext - who
combined their interests to focus on providing technology exclusively for
financial markets. By taking the people, assets, and technology from both of
these organisations and bringing them together into a single, independent
company, the opportunity for real leadership in this sector was created.
As market leaders, we value the insight of our clients and as their
technology requirements develop, we collaborate to find the most suitable
product solutions for their needs.
We serve global markets throughout the trading process - banks, brokers,
asset managers and intermediaries; exchanges; clearing houses and CSDs.
We employ 1,300 industry experts worldwide and have offices in London,
Paris, Chicago, Dubai, Hong Kong, and Brussels.
For further information: AEMS Shereen Hunter-Schyff, +44 (0)20 7655 7600
Global Head of Public Relations & Communications shs@aems.net
