Numerix opens Vancouver office
04 April 2011 | 2796 views | 0
Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, is pleased to announce the successful opening and immediate expansion of its Vancouver, Canada office which includes the hiring of several new inside sales, quantitative development and business analyst team members.
The new Vancouver office immediately expands on Numerix's existing sales force and quantitative development presence in North America. The Global Inside Sales team will be tasked with selling and supporting Numerix's LiquidAsset product for the pricing, valuation and risk analysis of OTC vanilla derivatives globally and more widely introducing customer's to Numerix's full product lines built upon the market leading Numerix CrossAsset analytics pricing platform. Numerix offers clients a highly flexible and fully transparent framework for pricing any type of financial instrument, from vanillas and "semi-exotics" to bespoke derivatives and structured products, allowing users to calculate prices and perform scenario analysis using any data set.
"With access to the best and brightest talent in the region, the creation of our Vancouver based inside sales team represents the successful addition of the proven talent and industry experience needed to drive sales and accelerate our position in the OTC vanilla derivatives segment of the market," said Steven R. O'Hanlon, President and COO of Numerix. "We continue to be innovative in packaging our superior pricing analytics in new ways to meet the needs of different market segments in the capital markets. Together, I am confident in our team's ability to achieve the goals and strategic objectives that we have set in place for them."
"A diversified economy and favourable tax environment make Vancouver a highly desirable and competitive location for financial businesses," said Lee Malleau, CEO of Vancouver Economic Development Commission. "Companies like Numerix add strength to our financial sector and in turn they can leverage Vancouver's strong connections to emerging Asian economies and our excellent position as a global gateway."
"After the events of 2008 and 2009 and the ensuing focus on rigorous risk management practices and accurate pricing of assets, we are 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 President, Head of Securities & Investments, Celent.
Highlighted among the new hires is Sean Hwang, Vice President of Global Inside Sales. Also joining Numerix are Jeff d'Avignon; Greg Murray; Rodney Stewart- all Inside Sales; Tom Davis, PhD - Client Solutions; Daniel Wan as a Senior Software Developer; Dominic Brecher, PhD - Quantitative Development; Darren Swan- Quantitative Development; Karan Samra - Outside Sales Americas, and Liyang Wang - Client Solutions.