Industry Veterans Udi Sela and Rene Anger Join Numerix

New York, NY – July 18, 2011 – Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, has expanded its presence in Paris, France – with the opening of a new office to accommodate its expanding local sales and quantitative presence. 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 Servicesat Pricing Partners.

Numerix first opened its Paris office in 2000 to expand its Quantitative Research 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. 

Numerix
8 rue de l'Isly
2nd Floor
75008 Paris, France

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, Paris, Singapore, South Korea and Tokyo, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information, please visit www.numerix.com.

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