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Numerix opens Mid-West and West Coast sales offices

02 February 2011  |  3152 views  |  0 Source: Numerix

Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, is pleased to announce the successful opening of two North American regional sales offices in Chicago, Illinois and San Mateo, California.

The new offices and strategic hires create an immediate sales presence for Numerix on both the West Coast and in the Mid-West region. The sales teams will be tasked with selling Numerix's risk management, pricing/trade capture and insurance products and services to asset management, financial services and Life Insurance companies within the regions. Numerix offers clients a highly flexible and fully transparent framework for the pricing and risk analysis of any type of OTC derivative financial instrument. From vanillas and "semi-exotics" to bespoke derivatives, structured products and variable annuities, Numerix allows users to calculate prices, manage risk and perform Economic Scenario Generation (ESG) analysis using any data set.

"With the addition of our regional mid-west and west coast sales presence, we now have the total coverage and industry experience in place to drive sales and accelerate our position in these two important regions for Numerix," said Steven R. O'Hanlon, President and COO of Numerix. "I am confident in our team's ability to achieve the goals and strategic objectives that we have set in place for them."

"After the events of 2008 and 2009 and the ensuing focus on rigorous risk management practices and accurate pricing of assets, Celent is witnessing strong demand for flexible analytics and portfolio risk solutions for derivatives and structured products such as the solution suite from Numerix," states Dr. M. Habbal, Senior Vice Presiden, Head of Securities & Investments, Celent.

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