Reval, a provider of derivative risk-management and hedge accounting solutions and services, has announced further expansion into Central Europe, opening a German office and appointing Walter Schipper as Country Manager.

With an already established presence, Reval considers Germany a high-growth market and a very strategic part of its European strategy of increased investment in markets, said Jiro Okochi, CEO and co-founder at Reval.

Schipper brings a wealth of experience in finance, treasury, and technology, spanning 20 years. Such experience includes building and developing business in Germany through his engagements with software and service companies such as TKS-TATA and FERNBACH-Software for whom he established the German sales and support office. Walter joins Reval from Sungard, where he held the position of sales manager, focused on trading and risk-management systems for financial institutions.