New office and hiring’s expand firm’s sales, quantitative development and business analyst sales teams

New York, NY and Vancouver, BC – April 4, 2011 – 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.

Vancouver Office Information:
Numerix Canada LLC
Suite 375, Two Bentall Centre
555 Burrard Street
Vancouver, B.C.
V7X 1M7
Phone: +1-604-566-9655

The opening and immediate expansion of the Vancouver office caps a strong 2010 for Numerix in the Americas. In 2010 Numerix signed 25 new clients across all regions—from North America (including Canada and the US/Alaska) to the Caribbean and Latin America (including Mexico City).

In November 2010, the Chartis RiskTech 100™ survey acknowledged Numerix as the category winner for both customer satisfaction and OTC pricing and analytics. Also in May 2010, Numerix was named Technology Innovation Provider of the Year for the Americas by Structured Products Magazine. This is the fourth consecutive year that Numerix has won the award, demonstrating the company’s continued success at delivering timely and important innovations for the modeling, pricing, valuation and risk management of vanilla instruments and structured products. In the May 2009 Celent Report Numerix was identified as the leader among its peers- providing advanced technology and functionality for pricing derivatives products, breath of cross asset coverage and depth of client services.

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. 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 and manage risk using any data set.

Since its inception in 1996, over 700 clients and 50 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 Australia, Beijing, Chicago, Dubai, Hong Kong, India, London, New York, San Francisco, Paris, Singapore, South Korea, Tokyo and Vancouver, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information, please visit

Media Contacts:
Todd Swearingen
+1 646-898-1294

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