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.
