New offices expand firm’s US regional sales presence

New York, Chicago & San Francisco Bay Area (San Mateo) – February 2, 2011 – Numerix (, the leading provider of cross-asset analytics for derivatives valuations and risk management, is pleased to announce the successful opening of two North American regional sales offices in Chicago, Illinois and San Mateo, California.

The new offices and strategic hires create an immediate sales presence for Numerix on both the West Coast and in the Mid-West region. The sales teams will be tasked with selling Numerix’s risk management, pricing/trade capture and insurance products and services to asset management, financial services and Life Insurance companies within the regions. 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, manage risk and perform Economic Scenario Generation (ESG) analysis using any data set.

“With the addition of our regional mid-west and west coast sales presence, we now have the total coverage and industry experience in place to drive sales and accelerate our position in these two important regions for Numerix,” said Steven R. O’Hanlon, President and COO of Numerix. “I am confident in our team’s ability to achieve the goals and strategic objectives that we have set in place for them.”

"After the events of 2008 and 2009 and the ensuing focus on rigorous risk management practices and accurate pricing of assets, Celent is 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.

Chicago Office Contact Information:
Local Contact: Andy Vear
30 South Wacker Drive – 22nd Floor
Chicago, IL 60606
Tel: +1.312.466.5707

San Mateo - San Francisco Bay Area Office Contact Information:
Local Contact: Altaf Ghori
1840 Gateway Drive - Suite 200
San Mateo, CA 94404
Fax: 212-302-6934

The opening of the Chicago and San Francisco regional sales offices 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 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 November 2009 Numerix was named best buy-side pricing / valuations service by Buy-side Technology Magazine and 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.

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 New York, London, Tokyo, Hong Kong, Singapore, South Korea, Dubai and India, 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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