Numerix Expands European Presence to Support Client Growth across the Region

New York, NY - 7 March 2012

Increasing Client Demand Prompts New Office Openings in Frankfurt and Milan, in addition to Further European Expansion in Stockholm, Paris & London

New York, NY – March 6, 2012 – Numerix the leading provider of cross-asset analytics for derivatives valuations and risk management, has expanded its local sales presence in Europe with the opening of two new offices in Frankfurt and Milan ―in addition to the expansion of its Stockholm, Paris and London offices.

Five industry experts have joined the Numerix EMEA team, helping to meet the increased demands for Numerix analytic and risk capabilities, as its clients continue to accelerate their integration of independent analytics―and enhance their risk infrastructures to accommodate new regulations and market best practices.

The new EMEA team members include:

Wolfgang Porada, Regional Sales Manager, DACH: Wolfgang will be focused on managing and expanding Numerix’s client base across the German, Austrian and Switzerland territories. Prior to joining Numerix, he was Regional Manager for Northern Europe for QuIC. Wolfgang has strong knowledge of risk products, specifically PFE (Potential Future Exposure) / CVA (Credit Value Adjustment). Wolfgang is the first employee in Numerix’s newly opened Frankfurt office.

Maurizio Busetti, Regional Manager: Maurizio will run Numerix’s Italian office operations. Prior to joining Numerix, he was a Senior Sales Manager for Thomson Reuters in both Milan and Boston over the past 10 years focusing mainly on Trading and Risk Management practices and solutions.

Johan Stromberg, Regional Sales Manager, Nordic Region: Johan will be based in Numerix’s Stockholm office with responsibility for existing and new clients across the Nordic territory. Prior to joining Numerix, Johan worked for Thomson Reuters Sweden, and EFG Bank, Stockholm.

Nicolas Thevenet, Regional Sales Manager, France, Belgium, Luxembourg and Iberia: Nicolas joins Numerix from SunGard where he was selling risk management solutions to Western Europe, focusing on Risk, ALM (Asset-Liability Management) and Solvency II. Nicolas was responsible for opening the SunGard office in Madrid, Spain in 2001 to develop southern Europe business activities. Nicolas is based in the Paris office.

Helena Frumson Belitsky, Regional Sales Manager, UK/Ireland & Central and Eastern Europe: Helena joins Numerix from Sungard where she was responsible for selling risk management solutions to buy and sell-side firms in the UK and CEE territories. Helena is based out of the London office.

“We are very excited to have Wolfgang, Maurizio, Johan, Nicolas and Helena joining the Numerix EMEA team. Their proven talent and collective experience will greatly benefit our product offerings,” said Steven R. O’Hanlon, President and COO of Numerix. “The European marketplace is extremely important to Numerix, and our expansion in the region will continue to benefit our local clients and expand the robustness of our global offerings,” he added.

“I’m delighted to formally announce the creation of this excellent Numerix EMEA business team,” said Nick Haining, Managing Director, Numerix EMEA. “Their breadth of experience and local market knowledge not only allows us to expand Numerix’s presence in this key region, but also increase the local support to the region’s already long-standing client base.”

O’Hanlon added: “At Numerix we’re continually seeking to increase our reputation as the industry’s most recognized provider of cross-asset analytics for derivatives valuations and risk management. By recruiting the best talent we possibly can from across the industry we’re able to provide our clients and partners with an exceptional level of support and the utmost respect.”

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