Technology firm SunGard has made a significant appointment in the region, naming Leif Strid as Asia-Pacific director for GMI, its clearing and accounting system for global exchange-traded derivatives, futures and options. From its Hong Kong offices, Strid will take on responsibility for managing the GMI infrastructure, servicing existing customers and coordinating the expansion of the business in the region.

In his new role, Strid will report to Christopher Meens, managing director of SunGardÆs GMI in the UK and Europe and the Asia-Pacific. He takes on the role after John Warren has moved to a new role as SunGard Asia-PacificÆs managing director for the PeopleÆs Republic of China.

Prior to his Hong Kong posting, Strid was a senior sales consultant for GMI in New York. He brings 18 years experience to his new position in various operational, business analyst and management rolls in the global futures and derivatives arena.

GMI supports the activities of clearing firms, securities firms, brokerage houses, and other participants in derivatives trading, such as multinational agriculture and energy companies. The clearing and accounting system also links to exchanges worldwide for automatic trade capture and access to pricing updates, margins, and risk arrays, while also helping clients to eliminate manual processes and consolidate data in a single integrated accounting system, control costs and increase competitiveness. Currently, listed derivative transactions on more than 75 exchanges worldwide are supported by GMI.