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Algorithmics continues Asia Pacific expansion with investment in insurance business

email this aricle - Algorithmics continues Asia Pacific expansion with investment in insurance business - Toronto & London - 2 March 2011 print this article - Algorithmics continues Asia Pacific expansion with investment in insurance business - Toronto & London - 2 March 2011
Algorithmics continues Asia Pacific expansion with investment in insurance business - with two senior appointments for Algo Financial Modeler, formerly known as VIPitech

Algorithmics, the world's leading provider of risk solutions,today announced that it has expanded its global team with two new senior appointments in its insurance business in Asia Pacific. The two appointments strengthen Algorithmics’ actuarial modeling resources for its actuarial and financial modeling product, Algo Financial Modeler, formerly known as VIPitech. The appointments of Tadahiko Mori, from Towers Watson, and Angie Ng, from Aviva, demonstrate Algorithmics’ continued commitment to strengthening its presence in the region.

Tadahiko Mori joins Algorithmics as Managing Director, Algo Financial Modeler Japan. He will be responsible for growing the actuarial modeling team in Tokyo as well as developing the Algo Financial Modeler business in the region. Tadahiko has over ten years actuarial modeling experience and is already closely aligned to many Algorithmics’ clients in Japan, having previously been involved in the original sale of the system to clients as well as consulting on the implementation in his previous role.

Angie Ng joins from Aviva and brings extensive actuarial and risk management experience from the Asian life insurance industry. Based in Singapore, Angie will be the Regional Manager for Greater China and SE Asia for Algo Financial Modeler. Her role will have a dual focus on business development – to drive Algorithmics’ business for Algo Financial Modeler in South East Asia – and on product support. She will manage the actuarial teams based in Singapore and Hong Kong, who will be involved in supporting the business for Algo Financial Modeler.

Candice Thompson, Algo Financial Modeler, commented: “These appointments cement our position in the Asian market and will help us to provide the resources and services that our clients expect locally. Both Tadahiko and Angie will play an instrumental role in the development of our Asian business, allowing us to put the right actuarial resource in place across the region. I look forward to working closely with them both.”

Dr Andrew Aziz, Executive Vice President of Algorithmics, Buy-Side Solutions, added: “Ever since we acquired Algo Financial Modeler, our objective has been to build on the product’s significant market coverage in Asia Pacific. These appointments form part of Algorithmics’ global strategy for growth and will be instrumental for our future success in Asia and for ensuring our clients are well supported in this region.”

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