PASHA Bank, one of Azerbaijan's leading Investment banks has selected the Calypso system as the firm's treasury management solution.

PASHA Bank was seeking a solution that would allow the firm to continue growing its market share and expand into new markets and business areas. The bank conducted a review of several cross-asset trading technology platforms in the market and chose Calypso Technology due to the firm's deep expertise, sophisticated technology and ability to implement efficiently.

Taleh Kazimov, Member of the Executive Board & Chief Investment Officer at PASHA Bank commented: "We chose Calypso since they are the leader in this sector and are able to deliver both the advanced technology and invaluable consultation we were looking for. Calypso is a trustworthy partner who understands the treasury and risk management needs of an investment bank like PASHA bank. This understanding combined with strong capabilities in treasury management convinced us to choose Calypso's solution. We look forward to continuing our partnership with Calypso in order to meet the changing requirements in the treasury space and support our growth initiatives into new business areas, such as derivative trading."

"Calypso is driven to provide customers with world-class solutions that enable them to growtheir business and expand into new markets. We are delighted to be working with PASHA Bank and supporting their continuing success. With the signing of PASHA Bank as our first customer Azerbaijan, we are committed to expanding our presence and customer base in this rapidly growing region," says Charles Marston, Chairman and CEO of Calypso Technology.

Calypso's solution target go life date is December 2013.