New CEO Named at Markov Processes International

Summit, NJ - 18 October 2012

  • Ran Fuchs Appointed to Drive Company Strategy and Corporate Development
  • Michael Markov to Take Chairman Role

Markov Processes International (MPI), a provider of superior tools for investment and risk analytics and reporting, announced today the appointment of Ran Fuchs as Chief Executive Officer. Mr. Fuchs will concentrate on business strategy, global growth and corporate development. Michael Markov, MPI’s Co-Founder and outgoing CEO, will continue on with the firm as Chairman in a full-time capacity but with an emphasis on research, partnerships, product initiatives and applying MPI’s IP to solve new problems.

“After coming to know Ran through industry connections over the years, his intuition, tested leadership qualities and business acumen have gained my great respect,” said Michael Markov, Chairman and Co-Founder, MPI. “With his appreciation for MPI’s existing products and client segments, combined with his ideas for the company’s future and proven experience growing businesses, I am excited to hand the reins to Ran. In my new role as Chairman, I will now have the capacity to focus on many new initiatives that I simply could not address while running daily operations over the years. It is an exciting new chapter for MPI.”

Mr. Fuchs’ career spans more than twenty years in the financial services industry, extending from heading sell-side credit derivatives trading desks to managing business lines at major financial technology firms. Mr. Fuchs was Global Head of a series of divisions at RiskMetrics (now MSCI, NYSE: MSCI), including Credit Risk and ESG, where he was instrumental in growing the respective groups to become industry leaders. Most recently, Mr. Fuchs was Head of Product Development of CITCO Transparency Platform, an initiative to provide transparency and reporting to hedge funds and their investors.

“It is with great honor that I join MPI. After coming to know the firm and the strengths of their technology over the years, I jumped at the opportunity to lead the strategic growth and expansion of the business,” said Mr. Fuchs, CEO, MPI. “With the firm’s stable of patented analytics, comprehensive reporting and the inherent risk management applications of a technology so focused on delivering transparency to the investment community, I am excited to lead the business to greater prominence in the wealth and investment management industry.”

Mr. Fuchs, 50, holds an MSc in Computer Science and Technology from the Tokyo Institute of Technology and a BSc in Mathematics from The Hebrew University.

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