Reval, a global leader in derivative risk management and hedge accounting solutions and services today announced the appointment of Nigel Sirett as Managing Director, Emea.
With more than 20 years experience in derivatives and treasury and risk management, Nigel will be responsible for driving Reval's aggressive growth strategy within EMEA markets.
This appointment comes as part of Reval's proven expansion strategy of hiring subject matter experts with core industry knowledge to further broaden Reval's reach and solidify its market leading position and thought leadership within the derivative risk management and hedge accounting space.
"Nigel's experience across a broad range of corporations and financial institutions in multiple geographic markets will prove invaluable to Reval's success throughout EMEA," said Jay McGlynn, Senior Vice President of Sales at Reval. "I am very excited to have Nigel join as part of the executive team and I look forward to working together to further expand into the EMEA region."
"With the recent challenges in the global economy leading to increased P&L volatility and a significant increase in hedging activity across all asset classes, Reval is well positioned to consolidate its market lead and expand rapidly into new regions and market segments," said Sirett. "In particular, I am very excited by the Software-as-a-Service business model, which will enable clients to quickly and effortlessly conform to future changes in regulation and accounting standards, such as the pressing need to incorporate counterparty credit into fair market values."
Nigel joins Reval from QuIC Financial, where he was responsible for EMEA sales, focused on counterparty credit exposure and structured derivative valuation. Prior to QuIC, Nigel was Managing Director EMEA at Fiserv IPS-Sendero, where he led sales, consulting and client services teams based in London, Frankfurt, Milan and Warsaw. He has consulted and advised a diverse range of financial institutions across Europe, the Middle East and Africa on risk management, asset-liability management and associated technology and is a frequent speaker at industry events. Nigel also brings extensive asset-liability management and treasury experience from various senior management roles at HSBC Midland and Midland Montagu. He holds a Master of Science in Operational Research and a Bachelor of Science in Management Science from the London School of Economics and Political Science, University of London.