Quantifi talks up 2008 performance

Source: Quantifi

Quantifi, a leading provider of analytics and risk management solutions to the global credit markets, announced today that 2008 was a year of strong growth for the firm, with double digit percentage growth in both headcount and clients.

"We are pleased with our 2008 year-end results," says Rohan Douglas, CEO and Founder of Quantifi. "We saw increasing demand for our advanced credit pricing and risk analytics from some of the largest financial institutions around the globe. In particular, we witnessed a significant uptake in demand not only from the front-office but also from risk management groups at leading banks as firms look to better manage their exposures and positions. As market events in 2008 put new strain on firms' existing pricing and risk tools, we worked closely with our clients to help them navigate the crisis by providing them with groundbreaking new methods for credit modeling such as our correlated recovery model."

In 2008, Quantifi increased headcount by 62%, adding senior executives and staff members with extensive experience in the credit markets. 2008 also saw a 37% increase in clients, which include top-tier banks, hedge funds, asset managers and insurance companies.

The firm has also seen significant global growth with its EMEA client base doubling in 2008. The firm also opened an office in Sydney, Australia to service increased demand in that region and partnered with Rickie Market Solutions to expand the firm's presence in Japan.

Douglas says, "2009 will be a year of significant opportunity as well as volatility. There are significant changes happening in the CDS and broader credit and OTC markets. As these markets undergo a paradigm shift, our clients continue to rely on us to provide the very latest models and risk management tools. Our commitment to working closely with our clients and investing heavily in extensive research and development gives us the ability be first to market with the latest advances which, we believe, can help firms stay ahead of change and ultimately succeed."

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