Numerix also welcomes to its new office Udi Sela, formerly the FX and Cross Asset Suite Product Manager of SuperDerivatives and Rene Anger, co-founder and the former Chief Technical Officer, General Manager of IT & Valuation Services at Pricing Partners.

Numerix first opened its Paris office in 2000 to expand its Quantitative Research & Development team. The long established team led by Drs. Alexander Antonov and Serguei Mechkov collectively brings over 50 years of quantitative leadership to the global derivatives market in developing advanced modeling analytics for valuation and risk. Moreover, Numerix is expanding its local presence to provide further client management and support to its French clients, who include some of the largest banks, asset managers and insurance companies in the country. Two industry veterans, Udi Sela and Rene Anger, joined Numerix to help meet the increased demands for its analytic and risk capabilities, as its clients continue to accelerate their integration of independent analytics, and enhancing their risk infrastructures to accommodate new regulations and market best practices.

Udi Sela -- Vice President, Numerix's Client Solutions Group - will be focused on global product design and roadmap development, with an additional focus on requirements for the EMEA region. Udi brings a unique mix of skills including a thorough understanding of trading & hedging as well as a keen sense of user-friendly software product design which will be applied to Numerix's range of software solutions. Udi joins Numerix from SuperDerivatives, where he was working as the FX and Cross Asset Risk Management Product Manager over the last six years and was responsible for establishing the company's product roadmaps, delivery and achieving the sales targets.

Rene Anger - Director, Distributed Infrastructure - will be focused on the further development of technology based acceleration solutions of Numerix CrossAsset to accommodate greater enhanced reporting requirements for risk calculations. Prior to joining Numerix, Rene was the Chief Technical Officer, General Manager IT & Valuation Services and leader of company's IT and Valuation teams and co-founder of Pricing Partners.

We are very excited to have Udi and Rene joining the Numerix team. Their proven talent and collective experience will greatly benefit and further our product offerings," said Steven R. O'Hanlon, President and COO of Numerix. "The French-speaking marketplace is extremely important to Numerix, as we continue to bring together preeminent leaders in quantitative finance. The expansion of our quantitative resource and support in the region will continue to benefit our local clients and expand the robustness of our global offerings."

The new Numerix office is in the central Boulevard Hauseman district.