SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced further investment across North America as it continues to win new clients in the region.

SmartStream’s North American operations have experienced significant growth over recent years with leading US investment banks, hedge funds and asset managers becoming clients. This latest investment reflects both the company’s focus on serving the newly expanded customer base and recognition of the region’s continued growth prospects.

A new Canadian operation, run out of Toronto, will be headed by Kurt Eldridge who until recently was sales manager for SmartStream’s operations in Australia and New Zealand. In that role, Kurt helped to expand SmartStream’s business in the region working with some of its largest institutions to win new business and manage the successful deployment of the company’s TLM solutions.

SmartStream’s existing New York office is also expanding with the appointment of Bill Blythe, who is moving from the company’s UK operations to oversee sales for North America. Bill brings a wealth of experience having been instrumental in SmartStream’s continued success in the UK, signing major clients to a variety of solutions including TLM Cash Management, TLM Reconciliations and TLM Corporate Actions.

Commenting on the organisational changes and investment, Philippe Chambadal CEO, SmartStream, said: “These latest changes reflect the significant amount of new business SmartStream has transacted in North America over the last 18 months. Both Kurt and Bill are highly successful sales professionals who have achieved significant results, signing some of the biggest clients to a range of TLM solutions. They have strong track records and a proven ability to partner with some of the largest and most exacting clients. With Kurt and Bill now in place I’m convinced our North American business will continue its success and deliver even greater growth over the coming years.”