Ubitrade Reinforces Risk Management Team and Increases Focus on German Region

Ubitrade, a leading supplier of advanced system solutions for trading and risk management, today announces the appointment of Frederick Friedman as Area Sales Manager, to promote Ubitrade-Fermat Basel II, ALM, IAS and Credit Risk solutions in Germany, the Netherlands, Austria and Switzerland.

Frederick Friedman is based in the Ubitrade Frankfurt office. Friedman comes to Ubitrade with over 15 years experience in sales and marketing to the financial services industry. Before joining Ubitrade, he worked for Bloomberg, Front Capital Systems (Sungard) and most recently for AMS in risk management.

Patrice de Berranger, Head of Normative Risk Management Unit, Ubitrade, commented: "We attach great importance to bringing the highest possible quality of service to our clients by providing local support and services. With a strong expertise in sales development and marketing, Frederick Friedman brings to Ubitrade a wealth of experience.

We look forward to his contribution to the ongoing success of Ubitrade-Fermat on Basel II and ALM projects in Europe."

Commenting on his new role, Frederick Friedman says, "Not only is Ubitrade a customer-focused organisation, the Ubitrade Fermat solution is also an innovative and unique offer that meets today's demands for financial risk management. I am delighted to join Ubitrade and look forward to working with the risk team to help our clients and partners succeed."

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