Tools for Brokers, one of the prominent technology providers for hedge funds and retail brokers, recently announced that the company has appointed Sergei Gruzin as its Head of Business Development Asia to expand its presence in the growing APAC region.

In an official press release shared with Finance Magnates, Tools for Brokers noted that the company witnessed strong growth in the first half of 2022. With the appointment of Gruzin, Tools for Brokers is planning to meet the growing demand for new technology-driven products across the Asian markets.

Gruzin joined Tools for Brokers in 2017. During the last few years, the newly appointed Head of Business Development Asia worked in different global offices of Tool for Brokers, including Cyprus, Russia, the UK, Thailand and now Singapore.

Commenting on the promotion, Ivan Egorov, the Global Head of Sales at Tools for Brokers, said: “My sincere congratulations to Sergei, who has played a major role in expanding our company’s presence and developing strong relationships with our clients and partners all over the world. We’re looking forward to continuing our expansion in the APAC region led by Sergei in his new role.”

Last month, Tools for Brokers named Lola Negmatova as its Global Head of Partnerships.

APAC Region

In the latest announcement, Tools for Brokers outlined the importance of the APAC region for its global growth. According to the technology provider, Gruzin’s deep understanding of Asian markets will help the company to build strong customer relationships across the region.

“I am very honored to receive this promotion and work on expanding Tools for Brokers in this very important part of the world. The demand for new technology is very high in Asian markets, and we are ready to facilitate access to the technology for our local clients and build a stronger presence in the region,” Gruzin commented.

Last month, Tools for Brokers named Lola Negmatova as its Global Head of Partnerships.