GlobeOp upgrades to new Mumbai office

23 Nov 2009

LONDON, NEW YORK– 23 NOVEMBER 2009 – GlobeOp Financial Services (LSE:GO) has relocated one of its three Mumbai offices to increase scale for technology infrastructure and enhance business continuity planning.

A new 22,155 sq. ft. (6,752 sq. meters) software development and hedge fund administration support facility in Airoli, part of Navi Mumbai, replaces GlobeOp’s Bandra Kurla office in the National Stock Exchange complex. The new facility can seat 250 employees and increases GlobeOp’s total Mumbai office space from 96,000 sq. ft. (29,260 sq. meters) to 100,655 sq. ft. (30,679 sq. meters). More than 1000 of GlobeOp’s 1500 employees worldwide are based in the company’s three Mumbai offices.

Services provided from the Airoli office mirror those of GlobeOp’s two offices in the Malad district of Mumbai: integrated middle-and back-office, fund administration and risk reporting services. In addition, approximately 70% of GlobeOp’s 130 global product development professionals are based in India.

Airoli office address details: Office Space – 2, 2nd Floor Office Level, Building No.3, Serene Properties Pvt. Ltd. SEZ, Mindspace – Airoli, Thane Belapur Road, Airoli, Navi Mumbai - 400 708; Tel: +91 22 6642 8000.

About GlobeOp Financial Services
GlobeOp Financial Services (LSE:GO.) is a leading, independent financial technology specialist providing automated, integrated middle- and back-office, administration and risk reporting services to hedge funds and asset management firms-including banks, insurance companies, mutual & pension funds and proprietary traders. Clients trading a wide range of asset classes and derivatives outsource to GlobeOp to reduce technology investments and operational risks, and to focus resources on asset generation and portfolio management. Established in 2000, GlobeOp serves over 180 clients worldwide, representing $100 billion in assets under administration (AuA). With headquarters in London and New York, GlobeOp employs more than 1,500 people on three continents; offices are also located in Dublin, Ireland; George Town, Cayman Islands; Harrison and Yorktown Heights, NY and Hartford, CT, U.S.A.; and Mumbai (Bombay), India. Further information: www.globeop.com

© 2009 - GlobeOp Financial Services LLC (GlobeOp). All rights reserved. GlobeOp and the GlobeOp "G" are trade and service marks of GlobeOp and its affiliates

Media Contacts

GlobeOp Financial Services
Nick Bird
Metia
+44 20 3100 3738
Nick.Bird@metia.com

Natalie Shamshoum
Metia
+44 20 3100 3655
Natalie.shamshoum@metia.com