FINCAD Expands Into China as News of China Consultant Co., Ltd Joins the FINCAD Channel Program

Beijing and Vancouver, BC - 24 July 2012

FINCAD, the market leader for innovative OTC pricing and risk management derivatives solutions, announced today that News of China Consultant Co., Ltd. (NWCH), a leading financial technology solutions consultant based in Beijing, has joined the FINCAD Channel Program. NWCH will be providing local sales, support, training and consulting services for FINCAD products in mainland China.

NWCH has been providing specialized consultancy services to state owned enterprises, banks, and asset managers since 2007. The company assists its clients by optimizing their financial management operations by providing consulting and advisory services for investments, strategy, corporate governance, process optimization, and risk management. NWCH will be selling the complete line of FINCAD products in addition to providing support and consulting services to FINCAD clients in the region.

“We’re excited to have NWCH as a partner in China,” commented Amar Budhiraja, Director of Strategic Business Development at FINCAD. “Their extensive experience serving the asset management and corporate treasury divisions of large state owned enterprises and work with some of the leading Chinese banks will prove invaluable to our existing customers and certainly help the market proactively prepare for evolving regulations including counterparty credit risk measures.”

“FINCAD’s global reputation for providing market standard derivative pricing and risk management solutions combined with our extensive professional services experience in enterprise applications, derivatives and risk management make this a very exciting partnership for financial services companies in China,” said Bill Zhou, Co-Partner, NWCH. “The Chinese financial markets constantly seek better risk management and pricing solutions for their derivative portfolios especially as they prepare to meet Basel III requirements and maximize their investments under a more de regulated framework”

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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