Numerix Continues Expansion Across China; Opens Beijing Sales Office

New Beijing office expands local sales support across China and highlights several Numerix firsts in the APAC region for 2010

NEW YORK & BEIJING--(BUSINESS WIRE)-- Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management has opened a new sales office in Beijing, China. The new Beijing office expands on Numerix’s existing position in the greater China region and represents Numerix’s continuing commitment to the Chinese OTC derivatives markets by providing clients with support in the country.

“The expansion of our presence in China to now include Beijing is a natural progression for Numerix and we are pleased to be in a position to provide permanent local support for our clients,” said Numerix President and COO, Steven R. O’Hanlon. “Our commitment to the APAC marketplace goes back more than a decade and the growth of the Chinese derivatives markets has been surpassed by the growth of Numerix. I am confident in our firm’s continued ability to grow and to meet the strategic pricing, analytics and risk management needs of our clients in China and across the entire APAC region.”

Numerix has been active in the Asia-Pacific (APAC) region since 1998 with offices in Hong Kong, Singapore, Tokyo, South Korea, Australia and now Beijing. Numerix continues to successfully expand its presence in the APAC region, experiencing double-digit client growth with the addition of 30 plus new institutions to its Asian client roster in 2010. In addition to opening the new Beijing office, other regional highlights included:

• October 2010 opening of Numerix sales office in Sydney, Australia.
• August 2010 opening of Numerix South Korean sales office and signing the first direct customer in South Korea – Hana Daetoo Securities.
• Implementation of Numerix Bloomberg Edition (NBE) and Numerix CrossAsset SDK running on the Microsoft Windows® HPC Server 2008 at a top South Korean investment banking and brokerage firm – Samsung Securities.
• Partnering with the largest consulting and IT consulting firm in Japan – Nomura Research Institute (NRI).
• Signing the first Numerix asset management client in Japan to use Numerix CrossAsset for pricing and risk management.

The Beijing office will be managed by Sindy Zhu, Director of Sales, who is responsible for the region. Zhu reports to Stephen Cheng, Numerix Vice President Sales for Greater China.

Office Information:
Numerix: Beijing, China
Unit 1430
14F China World Office 1
No. 1 Jianguomenwai Avenue
Beijing 100004, China
Tel: +86.10.6535.0156

Local Contact:
Name: Sindy ZhuEmail: [email protected]
Office: +86.10.6535.0156

The Beijing office opening and regional highlights represent a successful 2010 for Numerix in APAC. In September 2010, Numerix took top five recognition honors for the second straight year in Asia Risk's 2010 Technology Rankings and was also named Technology Company of the Year in Asia for the third straight year by Structured Products Magazine. In the May 2009 Celent Report, Numerix was identified as the leader among its peers- providing advanced technology and functionality for pricing derivatives products, breath of cross asset coverage and depth of client services.

About Numerix

Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products.

Since its inception in 1996, over 700 clients and 50 partners across more than 25 countries have come to rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments. With offices in New York, London, Tokyo, Hong Kong, Beijing, Singapore, South Korea, Dubai and Australia, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information, please visit www.numerix.com.

NumerixTodd Swearingen, 646-898-1294
[email protected]

Source: Numerix