Numerix the independent, cross-asset, analytics service provider for the structuring, pricing and valuation of derivatives and structured products, has opened a new regional office in Dubai. As a satellite of the EMEA group based in London, the office will be managed by Neil Orchard, Vice President, who is responsible for the region. With the opening of this office, Numerix is the first analytics company in the region to provide local quantitative support.
The growth of the Middle East and African financial markets in the past 10 years, along with the accompanying rise in both local and international investments has been matched by the growth of Numerix. This mutual expansion has now led to the opening of Numerix in Dubai, to provide permanent local support for its growing clientele.
“While the local derivatives markets in the Middle East and Africa are still in its nascent stage, it is evident that the use of sophisticated financial products in local economies and on the global stage will be prominent in the profile of financial institutions across the region,” says Neil Orchard, Numerix regional leader. “Given the expansion of the markets, and the expansion of our client base, having local quantitative support for our clientele is critical as we assist institutions in developing the best practices necessary in this market.”
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