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FTSE Expands Into Japan

Date 23/07/2003

FTSE Group, the global index company, today announces the opening of an office in Tokyo as part of its ongoing drive to expand business activities worldwide. The Tokyo office is FTSE's eighth office and will enable the company to create and develop strong local partnerships in Japan and to work closely with existing and new clients.

Since its inception as a private company in 1995, FTSE Group has grown from a start-up business with 9 staff, into a major index provider employing over 150 people in eight offices across Europe, the US and Asia. It is renowned for its expertise in international indexing and today works with exchanges, investment banks, pension plans, analysts and other market users worldwide.

Mark Makepeace, Chief Executive FTSE Group said: "FTSE has already established excellent local partnerships with the Asia Pacific financial community, including Nomura Securities, the Nikkei, Hang Seng, Taiwan Securities Exchange and Xinhua Financial Network. FTSE indices are also used as the benchmark for the Hong Kong Mandatory Provident Fund. Asia Pacific is a key growth area for FTSE and the new office in Japan will allow FTSE to maximise opportunities in the area and to develop close business links with the financial community."

Paul Hoff, Managing Director of Asia Pacific for FTSE Group, heads FTSE's Japan office and is joined by a recently recruited Sales Manager for Japan, Noriyuki Suzuki. Paul is also responsible for the company's activities in the whole of the Asia Pacific region including managing FTSE's office in Hong Kong, which opened in 2000.