Numerix Bolsters Leadership and Expertise of Quantitative Research & Development Team

New York – March 22, 2012 – Numerix (, the leading provider of cross-asset analytics for derivatives valuations and risk management, is pleased to introduce Dr. Andrey Itkin as Senior Vice Presidentof Quantitative Development. Dr. Itkin, who previously worked for JPMorgan, will be based in Numerix’s New York office.

Dr. Itkin has over 20 years of academic and professional experience in computational finance and physics including working as a quantitative analyst and developer with broad experience in analytic models, computational tools and strategies.  Dr. Itkin has been responsible for designing and developing high performance financial systems, both individually and as a team leader for many leading companies with in the global financial industry.

Prior to JPMorgan, Dr. Itkin held multiple top managerial positions across the industry, including: Director of Financial Engineering at HAP Capital and Chicago Trading Company; Head of Quantitative Strategies and Partner at Volant Trading LLC and Senior Quantitative Engineer at Amaranth Group. Dr. Itkin also occupied positions at Bloomberg L.P. within the Research & Development Quantitative Group and at Thomson Financial as a Programming Manager.

“On the same scale as some of the world’s largest financial institutions, Numerix’s team of quantitative analysts and financial engineers are committed to innovation and active quantitative research,”said Steve O’Hanlon, President and COO of Numerix.  “With someone of Dr. Itkin’s academic caliber now leading our quantitative development and another two-thirds of our employees holding PhDs or advanced degrees in quantitative, financial or mathematical disciplines, Numerix has arguably one the most diverse and talented quantitative research and development teams in the business.”

Dr. Itkin’s expertise in computational finance is highly recognized by the financial community. Dr. Itkin’s extensive background in building high-performance parallel financial systems will be used to help Numerix build new models and improve upon the existing, in addition to the efficiency of their implementations.

“Dr. Itkin’s extensive research has led to a new approach to pricing exotic options under the stochastic skew model and a new set solvable stochastic volatility models for pricing volatility,” said Dr. Serguei Issakov, Senior Vice President for Numerix Quantitative Research & Development. “I’m excited to welcome such a well-known and well-respected name in the quantitative finance community to Numerix and look forward to his leadership and future accomplishments as part of our team.”

Dr. Itkin is an adjunct Professor of Computational and Algorithmic Finance at The PolytechnicInstitute of New York University and has written over 70 publications. He is a regular presenter at the annual Global Derivatives Trading & Risk Management conference and other events on quantitative finance and risk management. Dr. Itkin holds PhD in Physics and degree of Doctor of Science in Computational Physics from St. Petersburg (Russia) Polytechnic University.

Dr. Itkin will report to Dr. Issakov, Senior Vice President, Quantitative Research & Development.

About Numerix

Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products. Since its inception in 1996, over 700 clients and 75 partners across more than 25 countries have come to rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments. With offices in New York, London, Paris, Frankfurt, Milan, Stockholm, Tokyo, Hong Kong, Singapore, Dubai, South Korea, India and Australia, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information please visit

Emily Ahearn
Director of Public Relations
Phone 646 898 1294
Mobile 646 373 9654

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