PASHABank chose the Calypso system to control the operation of the treasury department

One of the leading investment banks in Azerbaijan, PASHABank, chose the Calypso system to control the operation of the treasury department.

The bank was looking for a solution that would continue to expand its market share and move into new markets and new business areas. Experts of PASHABank studied several different existing cross -asset trading platforms and technology chosen Calypso, given the extensive experience, the use of the latest modern technology and the ability to effectively solve problems.

Taleh Kyazimov , Board Member and Chief Investment Officer (CIO) PASHABank said: " We chose the Calypso, as they are the leader in this sector and can provide both advanced technology and valuable advice that we need. Calypso is a reliable partner, they understand how to work the treasury department and risk management in the investment bank, such as PASHABank. This understanding, coupled with a strong potential in the asset management, convinced us to the decision to choose Calypso. We will continue to work in partnership with Calypso in order to meet the changing demands in the departments of the Treasury, to support our growth initiatives and the conquest of new market niches such as trading and derivatives transactions . "

"Calypso is committed to providing its customers with world-class solutions that will enable them to expand their business and enter new markets. We are happy that we can work with PASHABank and contribute to their successful operation. By entering into an agreement with PASHABank is our first client in Azerbaijan, we confirm our presence and expand our customer base in this rapidly developing region," said Charles Marston, Chairman and CEO of Calypso Technology.

Calypso system will be applied in PASHABank since December 2013.

PASHABank is a leading corporate bank in Azerbaijan. Founded in 2007, the Bank provides a wide range of corporate banking services, including credit, market operations of securities, asset management and treasury services. In PASHABank, presented by the head office and four subsidiaries, operates 221 people. As part of "Europe Banking Awards 2011" and "Europe Banking Awards 2012" was declared the "Best Investment Bank of Azerbaijan."

PASHABank is part of a group of companies PASHA - a major investment holding company in Azerbaijan is also widely represented in sectors such as insurance, construction, construction materials, tourism and other areas of business. Capital Bank, one of the largest banks in the retail market of Azerbaijan, also belongs to the group of companies PASHA. -15D -