US group Numerix, a specialist in cross-asset analytics for derivatives valuations and risk management, has appointed Steven O’Hanlon as chief executive officer (CEO) and president of Numerix. The company said that Dr Gregory Whitten, who held the position of CEO since 2003 will remain chairman of the board.
Numerix described O’Hanlon as a seasoned veteran with nearly 30 years of experience developing start-up software companies, who has contributed to a number of successful initial public offerings (IPOs).
“Since joining Numerix in 2002 as president and chief operating officer [COO] the company has grown 2163%. Under his extraordinary leadership Steve has helped guide Numerix to an impressive five-year compound annual growth rate of over 20% and has led the company into the new frontier of risk,” said Dr Whitten.
“His vision continues to have a profound impact on company strategy enabling Numerix to take advantage of new opportunities and leverage its pricing and risk analytics to enter new business segments like Insurance. Because of his tireless efforts, Numerix has moved from a start-up 17 years ago to the leading market player for cross-asset analytics and risk management.”
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