Dr. Pugachevsky will be responsible for managing Quantifi's global research efforts.

Rohan Douglas, CEO, Quantifi, said, "Dmitry has long been a leading figure in the industry and comes to Quantifi from JP Morgan, the bank that pioneered counterparty risk management. His hire is a reflection of our continued investment in innovative, market-leading solutions. His deep experience heading research groups at leading banks like JP Morgan and Bear Stearns is a great addition to Quantifi and will ensure we remain at the forefront of quantitative finance."

Dr. Pugachevsky brings more than 18 years' counterparty credit and cross-asset modelling experience to Quantifi. He joins Quantifi from JP Morgan where he was Head of Counterparty Credit Modelling and was responsible for developing new models for calculating CVA across different asset classes and supporting credit portfolio trading. Before starting with JP Morgan in 2008, Dr. Pugachevsky was Global Head of Credit Analytics at Bear Stearns for seven years where he was responsible for modelling the whole spectrum of credit instruments. Prior to that, he worked for eight years with the analytics groups of Bankers Trust and Deutsche Bank, developing models for credit, fixed income and equity derivatives.

"The OTC markets are witnessing significant change, driven by new regulatory initiatives including the Dodd-Frank bill and the impending Basel lll capital accord. These changes have brought a heightened focus on counterparty risk and highlight the need for firms to adopt active counterparty risk management systems. Quantifi's award-winning solutions and experience gives the company a unique position in this area. I am delighted to join Quantifi at such an exciting time and look forward to helping build on the company's success by providing the necessary research for ongoing development of industry leading cross-asset counterparty risk and CVA tools," said Dr. Pugachevsky.

Dr. Pugachevsky received his PhD in applied mathematics from Carnegie Mellon University. He is a frequent speaker at industry conferences and has published several papers and book chapters on modelling counterparty credit risk and pricing derivatives instruments.