SuperDerivatives boosts strategic sales team with the appointment of leading derivatives systems implementation expert

12 September 2008

SuperDerivatives, the benchmark for derivatives and the world's leading derivatives solution provider, has strengthened its global team with the appointment of leading financial systems implementation expert, Zohar Hod.

SuperDerivatives provides real-time accurate pricing for all options and derivatives structures through its unique universal pricing model, which has become the world's benchmark for option pricing. Utilizing the company's market data unit, its real time prices are a true reflection of the inter-bank broker market.

Zohar, who joins SuperDerivatives as Vice President, Strategic Sales, specialises in front office to back office derivatives trading, processing and risk management, as well as algorithmic trading. He will use his extensive experience in implementation of systems and large scale integration projects to work with key accounts on integrating SuperDerivatives solutions to back, middle and front office functions.

He will be based in the New York office and will be responsible for tailoring and implementing the company's large scale multi-asset solutions to a range of clients in the global banking and capital markets sectors.

Zohar joins SuperDerivatives from IBM, where he founded the company's Trading Solutions Group, IBM's fastest growing professional services practice. Zohar was IBM's leading authority on derivatives trading and processing, and he significantly added to the company's expertise in this area. At IBM Zohar and his team advised, installed and integrated numerous derivatives trading systems including Murex, Calypso, Front Arena, Summit and Sophis for organisations across the world, creating record annual revenues for IBM in this new practice area.

Prior to joining IBM, Zohar was a manager at KPMG/BearingPoint's wealth management practice, and has founded several successful financial services technology platforms including ViewTrade, which was acquired by a large banking corporation.

David Gershon, CEO, SuperDerivatives, comments: "In the past few months we have been bombarded with requests to integrate our multi-asset solutions to in-house systems in large global institutions. Zohar is very well connected in the financial services industry and has a deep understanding of the needs of the major players.

"He brings an impeccable track record of integrating financial services technology and systems for global clients. We will be focusing much of our efforts on strategic business over the coming years and we need the best in class to help us deliver our goals."

Zohar Hod comments: "Having been integrating business solutions for many years it has recently become clear that there is a considerable shift taking place in the market. I have researched this marketplace in great depth and SuperDerivatives' offering and the need is clear. It provides all the elements that make a modern trading floor environment more productive, profitable and efficient, with the most cutting-edge technology and sophisticated tools for integration to existing systems."

Zohar adds: "This is a fantastic time to be joining SuperDerivatives. The business is well positioned, ambitious and right at the heart of the global derivatives industry as a thought leader and provider of optimal pricing, market data and technology solutions for all asset classes."

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