Investment management solution provider Linedata has opened a new office in Casablanca, Morocco, to improve its presence in North African and sub-Saharan markets.
The new office is intended to help strengthen relationships with clients and partners in the region, particularly in the lending and leasing sectors, improving Linedata’s responsiveness to client needs in Morocco and the rest of North Africa.
According to Linedata, the opening comes as a response to an increasing demand for loans in North and sub-Saharan Africa, which means firms in the space are looking for software to help them cope with more stringent regulations and large volumes of data.
It is also part of wider strategy of entering new and developing markets. Linedata has been active in this region for 15 years and now has a presence in nine countries there.
Anvaraly Jiva, founder and CEO of Linedata, said: “We are delighted to be strengthening our presence in Morocco, and more generally in Africa, where we have great ambitions.”
He added: “As well as bringing us closer to our existing clients, these new offices in Casablanca will be a launchpad for the development of our asset management and administration activities.”
Alain Mattei, head of the lending and leasing business lines at Linedata, added: “Africa represents a major commercial and strategic opportunity for our group. As well as complementing our presence in Tunis, this new location demonstrates our intention to consolidate our position as a major global provider of software specifically designed for the lending and leasing sectors.”
