NRI selects Numerix Portfolio to provide NRI clients with valuation services
Numerix, (www.numerix.com) the leading independent provider of award winning cross-asset analytics for the structuring, valuation and risk analysis of derivatives and structured products, today announced that they have entered into a partnership agreement with Nomura Research Institute (NRI), Japan’s largest consulting and IT consulting firm, to provide valuation services for NRI’s Japanese client base.
The partnership announcement marks a new business initiative for NRI to provide valuation services using Numerix Portfolio’s advanced models and high performance analytics. As part of the service NRI will provide clients with month end price and risk calculations for structured notes using Numerix Portfolio and will include interest rate and cross currency asset classes.
“Our partnership with NRI represents a solid win for Numerix and is a validation of our strategic initiative to expand the global usage of Numerix Portfolio and our valuation services offering,” said Steven R. O’Hanlon, president and coo of Numerix. “NRI’s reputation as an industry leader is firmly established across the Asian marketplace and we look forward to a long term working relationship.”
“We also are pleased to have partnered with Numerix,” said Shin Kusunoki, Corporate Senior Vice President of NRI. “Numerix Portfolio provided us with the advanced pricing models, accuracy and high performance we needed to make this new service a reality for our clients.”
NRI will initially make the service available to all Japan based clients and plans to eventually expand the service to include other major Asian countries.
The partnership announcement with NRI is a follow up to Numerix being named Technology Company of the Year in Asia for the second straight year in May of 2009 and also Technology Company of year in the America’s for the third straight year by Structured Products Magazine. The launch follows the May 2009 Celent Report which identified Numerix 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.
