Numerix, a provider of cross-asset analytics for derivatives valuations and risk management, has hired Dr. Andrey Itkin as its senior vice president of Quantitative Development.
Itkin, who joins from J.P. Morgan, will be based in Numerixs New York office, reporting to Dr. Serguei Issakov, senior vice president for Quantitative Research & Development.
Itkin has been responsible for designing and developing high-performance financial systems at a number of institutions in the global financial industry. In addition to J.P. Morgan, he has been director of Financial Engineering at HAP Capital; head of Quantitative Strategies at Chicago Trading Company; partner at Volant Trading LLC; and senior quantitative engineer at Amaranth Group, as well as Bloomberg L.P. and Thomson Financial.
On the same scale as some of the worlds largest financial institutions, Numerixs team of quantitative analysts and financial engineers are committed to innovation and active quantitative research, said Steve OHanlon, President and COO of Numerix. With someone of Dr. Itkins academic caliber now leading our quantitative development and another two-thirds of our employees holding PhDs or advanced degrees in quantitative, financial or mathematical disciplines, Numerix has arguably one the most diverse and talented quantitative research and development teams in the business.
Itkin is an adjunct Professor of Computational and Algorithmic Finance at The Polytechnic Institute of New York University. He Itkin holds PhD in physics and a doctor of science in computational physics from St. Petersburg (Russia) Polytechnic University.
(CG)