OpenGamma, a leading provider of risk management and analytics solutions, today announced the addition to its executive team of Mohamed Ait Si Brahim as Vice President of Engineering.
In this new role, Ait Si Brahim will focus on further improving OpenGamma's engineering practices, ongoing product development and client project delivery. The hire reflects an ongoing commitment by OpenGamma to address many of the industry's current challenges around the efficient use of capital in an evolving market structure landscape.
Ait Si Brahim brings over 15 years' experience in capital markets, risk management and technology. He joins OpenGamma after more than three years at LCH.Clearnet, where he served as Head of Risk Technology, responsible for building and supporting a new strategic risk analytics platform providing margining, credit risk, stress testing and regulatory reporting as a service, and where he also established a strong engineering group and supporting development processes. Prior to LCH, Ait Si Brahim served in engineering and leadership roles at Odyssey Financial Technologies (acquired to Temenos in 2010), Reuters Financial Software (now Thomson Reuters) and Clearstream (acquired by Deutsche Börse).
"Joining OpenGamma at this stage in its development is a unique and exciting opportunity for me," said Ait Si Brahim. "Having worked at the heart of market infrastructure allows me to understand how critical it is to offer robust, well-engineered and cutting-edge margin replication and market risk solutions to the financial services industry. OpenGamma brings a new transparent approach to risk management technology that gives the ability to truly connect the industry end-to-end."
"Mohamed brings a tremendous amount of expertise and enthusiasm to our executive team. Hiring someone with this deep risk technology and market structure background demonstrates our commitment to building a world-class R&D team that can deliver true business solutions to our clients at this critical juncture in our industry's evolution," said Mas Nakachi, CEO of OpenGamma.