FINCAD Expands in Southeast Asia as Maroon Analytics Joins FINCAD Channel Program

Singapore and Vancouver, BC - 12 July 2012

FINCAD, the market leader for innovative OTC derivatives solutions, announced today that Maroon Analytics Pte Ltd, a Singapore-based professional services company specialising in the application of quantitative finance, has joined the FINCAD Channel Program as a Channel Partner and will be providing local sales, support and professional services to FINCAD’s clients in Southeast Asia.

Maroon Analytics, founded in 2007, works with investment banks, hedge funds and sovereign wealth funds across Southeast Asia to implement innovative financial analytics that have a tangible P&L impact. Maroon Analytics has a deep experience of delivering front-office solutions across all asset-classes for leading financial institutions and has enabled their clients to more effectively price, trade and risk-manage their derivatives and structured products.

“We’re very pleased to have Maroon Analytics as a FINCAD Channel Partner in Southeast Asia. Their vast experience servicing financial institutions in the region will help us better meet the needs of our clients and provide the expertise necessary to a growing market", said Amar Budhiraja, Director of the FINCAD Alliance Program.

“This is an exciting relationship for us”, commented Richard Ayres, CEO of Maroon Analytics. “In the current economic climate, quant finance is increasingly essential for both businesses and financial institutions alike. FINCAD’s long-standing history of providing quality analytics combined with our extensive experience of delivering applied financial engineering services will be of great benefit to FINCAD clients across Southeast Asia”.

Dr. Randeep Gug, Head of Business for the Certificate in Quantitative Finance program at 7city Learning, remarked, “It’s great to see a company like Maroon Analytics driving quant finance in Singapore. It’s an area that is becoming increasingly important and their ability to leverage FINCAD’s tools and expertise will be good for the finance industry across the region”.

FINCAD provides a cross-section of products that can be accessed through Excel, MATLAB®, as a Software-as-a-Service or embedded into an existing system through software development kits.

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