Axioma, a leading provider of decision support, risk analysis and portfolio rebalancing and performance attribution tools, today announced that Ian Webster has been appointed Managing Director, Europe.
Webster will lead the company's efforts to accelerate the pace of Axioma's market share in Europe and will oversee Axioma's rapidly growing global indexing initiatives.
"Europe is an important growth market for Axioma, with client demand for our innovative and sophisticated risk analysis tools increasing as the ability to make money becomes ever more challenging," said Sebastian Ceria, Chief Executive Officer of Axioma. "Ian brings a combination of talent and experience to Axioma that will help us both to drive our growth and to strengthen our competitive position in Europe."
Webster succeeds Olivier d'Assier, who assumed the role of Managing Director for Europe in addition to his responsibilities as Managing Director for Asia Pacific back in 2008. D'Assier, will now focus exclusively on Axioma's rapidly expandingoperations in Asia Pacific.
"I have known Ian for many years and--given our ambitious plans for Europe and for our global benchmark initiative--I am confident that his unique blend of vendor-client experience and strategic thinking will be a great asset to Axioma and our clients," said d'Assier.
Webster was most recently Global Head of Data Management and Corporate Actions at UBS Global Asset Management. He previously held senior positions at several buy-side institutions and financial information and software companies, including Barclays Global Investors and Barra.
"Withits innovative products and collaborative approach to client relationships,Axioma has grown rapidly in Europe--and I am eager to help accelerate that growth," said Webster. "Axioma has also opened up a market for a more sophisticated approach to the creation of indices, and I am excited about the opportunity to further develop this space."