Paladyne has also increased its office space in Hong Kong to support its rapidly growing staff and Asia-Pacific client base.

Mr. Leung brings deep knowledge of the hedge fund industry in Asia and will be responsible for all client service activities including implementation, training, and regional help desk support. Prior to joining Paladyne, Mr. Leung was Head of IT for a multi-billion dollar, multi-strategy hedge fund based in Hong Kong, and was the former Asia-Pacific Head of Implementation for Linedata Services, a provider of portfolio management software. Mr. Leung is a certified FRM, and holds a B.S. in computer science from Hong Kong Polytechnic University and an M.S. in Finance from the University of Hong Kong.

Paladyne Systems provides alternative asset managers in Asia-Pacific with an integrated front-, middle- and back-office technology solution which is scalable and cost-effective and meets investor requirements regarding infrastructure and transparency. The PALADYNE® suite is available either as a local install or as a hosted Application Service Provider (ASP) solution. Paladyne, in combination with its extensive partnership network of data providers, is uniquely positioned to service managers in the region who are either launching new funds or who are looking for improved technology and cost reduction.

"Paladyne is currently seeing significant momentum in Asia particularly with Paladyne Portfolio MasterTM, our unique trading and portfolio management system," said Sameer Shalaby, CEO of Paladyne Systems. "We are very fortunate to have someone with Askin's experience lead our Client Services organization as we continue to expand our presence in this region."

"We have been very impressed with Paladyne's technology as well as the caliber of their support team," said Mr. Lawrence Parsons, Chief Operating Officer at Saka Capital, whose firm recently implemented Paladyne Portfolio MasterTM. "Everyone we work with at Palaladyne is extremely professional and has a clear understanding of what is required for a hedge fund business in Asia."

"Our experience has been first rate with Paladyne, and they have been very responsive to our requests," explained Mr. Guan Ong, Principal at Blue Rice Investment Management. "One of the main factors in our decision to go with Paladyne was that they have demonstrated a clear long-term commitment to our region."

"Paladyne's integrated solutions are very well suited to local hedge funds, and Paladyne has clearly made this region a priority," said Mr. Leung. "We have begun to see the results of this commitment with several new clients, and with our new office, we can continue to expand the team and provide the highest level of service to our clients."