Murex expands into Mumbai to support market growth

By Vriti Gothi

Murex has expanded its presence in South Asia with a new office in Mumbai, reflecting growing domestic demand for advanced trading and risk platforms amid regulatory and market transformation in India’s capital markets. The move marks the firm’s eighth office in Asia and strengthens its on-ground capability to support financial institutions across trading, treasury and post-trade operations.

The company said the expansion is intended to serve both existing and prospective clients, as banks, exchanges and investment institutions accelerate onshore activity and seek more sophisticated technology infrastructure.

“The fast-paced Indian market is booming, driven by strong regulatory evolutions and increasing onshore activities fueling the country’s growth,” said Elias Eddé, CEO, Murex. “Our new office in Mumbai will help us answer the strong local demand for advanced trading and risk management technologies.”

India’s markets have undergone structural shifts in recent years, including deeper derivatives participation, rising domestic liquidity, and continued alignment with global standards. The International Swaps and Derivatives Association has projected India to become the world’s third-largest economy by 2030, a trajectory expected to increase product complexity and institutional technology needs.

Murex’s local presence is positioned to improve delivery timelines, client engagement and regulatory alignment. The firm said the Mumbai office will house implementation and support teams and aims to accelerate the deployment of MXGO, its integrated platform targeted at Indian financial institutions.

“Murex is in Mumbai to deliver excellence to customers and partners in India with a dedicated team,” said Nick Thomas, Asia-Pacific Regional Head. “With a growing staff and a strong talent pool, this expansion will speed time-to-market and strengthen Murex’s footprint.”

The expansion also aligns with wider sector trends, including increasing digitisation of treasury functions, consolidation of risk platforms and rising demand for cross-asset processing solutions among Indian banks. For Murex, which supports 65 of the world’s 100 largest banks, the Mumbai base strengthens its access to a competitive talent pool and a market undergoing rapid institutionalisation.