Avelacom Opens New Singapore Office

Avelacom, the high-performance connectivity and IT infrastructure solutions provider for the financial services industry, today announced that it has opened a new office in Singapore, managed by Gabriel Bassas, VP Sales for APAC.

In the past year Avelacom has seen double-digit growth in new business volumes coming from the APAC region, driven by clients demanding professional-grade connectivity services between APAC venues and exchanges, and to those in Europe and the USA. New business is expected to increase over the next few years, also driven by the growth of APAC crypto exchanges, which are starting to deploy high performance physical IT infrastructure demanded by trading institution clients.

Gabriel Bassas has spent his career working in institutional sales and account management, providing connectivity solutions for telecom and IT infrastructure companies. Over the past three years Gabriel has been responsible for business development globally for Avelacom, based in London. Previously he spent two years as Sales Manager for the Finance vertical at Interoute, utilising his knowledge to build and design ULL connectivity solutions in European markets. Prior to this he spent eight years at Zayo Group, as an Account Manager, providing connectivity solutions to Capital Markets clients in Europe and the USA.

Commenting on his appointment, Gabriel Bassas, VP Sales for APAC, said, “Moving to Singapore and the APAC region presents a significant opportunity for Avelacom to grow both revenues and market share. I have already seen the client demand for our services in Asia, as trading institutions manage their geographic considerations in terms of latency, availability and cost.”

Aleksey Larichev, Avelacom’s Managing Director, commented, “Opening an office in Singapore is strategically important for Avelacom, as we satisfy client demand for low latency and robust access to venues and exchanges around the world, and work with crypto exchanges in the region as they implement professional-grade IT infrastructure.”