Responding to record sales and continued broad interest in fat-tailed return and risk analytics, FinAnalytica, the leading provider of real world portfolio construction solutions for asset managers, hedge funds and multi-manager funds, announced today that it has expanded its European sales team in London and its client services and quantitative research teams in Sofia, Bulgaria.
Michael Nein has been named Director of Sales and will be based in London. Reporting directly to FinAnalytica CEO David Merrill, Nein will be responsible for business development in EMEA. Bringing more than 10 years experience in financial services technology, Nein joins FinAnalytica from Calypso Technology where he was Head of EMEA Risk Sales. Previously, he was Sales Manager for Emerging Markets at Moody's KMV and he worked in SunGard's BancWare unit. Before this, Nein worked in the management sciences group at Wells Fargo Bank after graduating from the University of California at Berkeley with a degree in economics.
Commenting on the appointment, David Merrill, CEO, FinAnalytica, said, "We're very excited to have Michael on board. Leveraging his experience in enterprise risk software sales and implementation projects, we look to him for expertise and leadership in further expanding our client relationships in EMEA."
In Sofia, Bulgaria, the FinAnalytica client services and quantitative research teams have been augmented in support of both new Cognity installations and a growing demand for quantitative services in their existing client base. The new hires include a seasoned risk manager joining the client services team and four quantitative analysts with post-graduate degrees joining the quantitative research team. In addition to these hires, a new development engineer has been added to enhance client implementation and integration support.
"The incredible growth of our Cognity client base shows the market demand for real world insights into upside and downside tail dynamics," said Dobrin Penchev, Director of Global Client Services, FinAnalytica. "We are dedicated to partnering with our clients to provide the best support team in the industry and are pleased to expand these essential services."