RFP News

Published on Sep 20, 2010

SAGE announced that Global Investment House in Saudi Arabia started the implementation of Prospero to power its front- to back-office platform for its Investment Management arena.

Global’s Chief Information Officer, Mr. Hakam Abu-Zarour, stated: “Prospero is a good fit for Global as it offers one Front- to Back- Office platform. This reduces our maintenance costs and operational risk, while enhancing our productivity and efficiency to better services our clients.”

This is Prospero’s first implementation in Saudi and it affirms SAGE’s presence and commitment in the MENA region. Mr. Tarek Hamdan, SAGE’s Chief Marketing Officer, adds: “There is a significant demand in Saudi for a sophisticated tool on asset management and Prospero clearly answers to this need-even more than what is required.”

Mr. Patrick Rotzetter, Head of SAGE’s Business Development, states that this success is an important milestone for SAGE. The Saudi market has seen a small slowdown in 2009, and is picking up this year. With this excellent reference, we will participate fully to the growth of the Saudi market. Global is a leading investment firm in the region, and we are delighted to extend the rollout of Prospero to other international locations of Global Investment House.

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