Electronic trade finance solution provider Bolero opened a new office in Singapore on March 4.

This will be the firm’s fifth international office, adding to London, Hong Kong, Shanghai, and Tokyo, further establishing Bolero’s presence in the South Asia-Pacific region.

“Having a direct presence in the country is an important next step for Bolero. […] Having dedicated resources on the ground will put us in a stronger position to act on emerging opportunities in Southeast Asia,” Bolero’s regional director for the Asia Pacific, Ross Wilkinson, says.

The company has appointed a new business development director, Kay Ren Yuh, who has a background in shipping and trade technology. He was previously working as business development manager at Crimsonlogic, an eGovernment services provider, until his appointment at Bolero started on January 14. ”I am very pleased to be joining the leading digitised trade solutions provider Bolero at this exciting time in the company’s growth,” he says.

Bolero is currently in the process of hiring additional employees.