PayAsia appoints BD Director to drive European expansion

Melbourne, Australia, 26 June 2018: PayAsia, a subsidiary of ASX-listed PayGroup (ASX:PYG), a trusted provider of Multi-Country Payroll and Human Resource Outsourcing Solutions has announced the appointment of industry leading business development expert, Martin Stockton to the role of Business Development Director for Europe.

Mr Stockton, who has more than 25 years’ experience in international payroll and HR management, will drive sales, partnerships and alliances across Europe.

Mark Samlal, Managing Director of PayAsia, said attracting an employee of Mr Stockton’s vast experience to lead in Europe will drive the Company’s Asian Multi-Country service approach as a proposition for European companies that have operations in Asia or planning them. This is core driver in our client growth to date and is anticipated to add new clients as well as referral alliances with Payroll and HCM providers.

“Martin brings 25 years’ experience in international HR and payroll management, having implemented HR and payroll solutions to various companies worldwide when working with IBM, Siemens, Kingston Communications and Convergys.

“Branching into the European market by developing relationships and expanding partnerships is a key milestone outlined in the PayGroup prospectus, and seeing it come to fruition through the appointment of Martin is an exciting step,” Mr Samlal said.

“Our senior business leaders have expertise across the board, to ensure we have the know how to offer a tailored solution to each client to help their business overcome the challenges of efficiency and effectiveness, meaning they can focus their attention on what they love, and we believe Martin complements our skill set.”

PayAsia was formed in 2006 to fill an identified gap in the Asia Pacific Payroll market, initially focused on serving small to medium size enterprises, it quickly expanded its offering. While growth has been significant, the Company philosophy remains the same – to help their clients grow through process and technologically driven regional solutions, so they can remain focused on their core business.

As a leader in international payroll and HR outsourcing in Asia Pacific, servicing clients across 18 countries, expansion into Europe will see growth for the Company.

For more information, please contact:

Georgi Wicks
WE Buchan
+61 2 9237 2808
gwicks@we-buchan.com

About PayAsia
PayAsia is a fully owned subsidiary of PayGroup. Headquartered in Melbourne, Australia, PayGroup Limited (ASX: PYG) was recently incorporated as the holding company for PayAsia (collectively PayGroup or Group). The Group is a provider of BPO solutions and Cloud (Softwareas-aService or SaaS) based Human Capital Management (HCM) software, operating in the Asia Pacific region for multinational companies, and today services over 400 client entities with more than 31,000 client employees across 18 countries. The Group has 111 employees located across 8 countries. Clients are typically medium to large multinational companies with employees in multiple countries in the Asia Pacific region. The Group operates as a trusted partner to perform the outsourced payroll process for the client employees including banking, treasury, lodgement of statutory submissions including taxation, superannuation, pension, provident funds, and other social benefits. Beyond its BPO Payroll Services, the Group’s SaaS HCM software product suite supports clients in managing aspects of their employees’ life cycle, plus regional and mobile-enabled workflows for critical processes (such as employee and manager self-service, leave management and expense management).