Numerix opens sales office in Australia

Steven R. O'Hanlon, COO & President, Numerix:

"We are pleased to now be in a position to provide permanent local support for our Australian clients."

Numerix has opened a new regional sales office in Sydney, Australia. The new Sydney office increases the total number of Numerix Asia-Pacific (APAC) offices to seven. The office will be managed by Jack Drewe, Regional Sales Director, who is responsible for the Australian and New Zealand regions. The new Numerix office symbolizes the established nature and importance of the derivatives markets in Australia and serves as a validation of Numerix's strategic commitment to the region and to providing sales and analytical support at the local level. Drewe will report directly to Erdem Ozgul, Vice President, Numerix Asia South Sales Operation.

"We are pleased to now be in a position to provide permanent local support for our Australian clients," said Numerix President and COO, Steven R. O'Hanlon. "Given the established and dynamic nature of the derivatives markets across the region, having local sales support for our Australian clientele is critical as we assist institutions in developing the best practices necessary in this market. I am confident in our firm's continued ability to grow and package our products targeting such strategic areas as risk, insurance/ variable annuities, commodity derivatives and to making sure that we continue to meet the overall pricing and risk management needs of our clients across the region."