Pricing Partners, the world leader in OTC derivatives pricing analytics, mathematical models and independent valuation, and Siag Consulting International, a leading Tier 1 Consulting and Systems Implementation specialist based in Madrid, have announced today a partnership covering Iberia and LATAM.
Siag’s expertise in Market and Credit risk management provides the deep domain expertise to partner with Pricing Partners in advising and supporting client valuation methodologies given the increased requirement for accurate asset valuations, regulatory compliance and correctly risk adjusted capital management to the revised Basel capital standards. Pricing Partners extensive derivatives pricing library of market-standard valuation models has been developed across asset classes to provide pricing and to revalue a comprehensive range of financial derivatives models which may be mapped to cover any portfolio composition supported by an expert team of quantitative financial analysts able to advise on appropriate models to use for valuing complex or new asset classes.
Siag Consulting has dynamically expanded its international presence over recent years to support their Tier 1 clients and are present providing both functional business and technical systems expertise in Iberia, LATAM, London, New York and shortly Germany and are specialists in systems integration and support services for leading technology solution providers.
Demand for Pricing Partners valuation derivatives pricing library and independent valuation has reflected the increased needs for transparency and a regulator focus on valuation methodology for reporting and capital compliance. The Iberian markets where smaller financial institutions may not have in house Quant teams to advise on correct methodology and models, require expert local support from experienced Tier 1 risk and technology specialists. Siag’s leading Tier 1 risk management domain competence is a natural synergy with Pricing Partners methodology assuring optimal expert local client professional advice and professional services.
Mr. Xavier Deschamps, general manager and global head of sales and marketing at Pricing Partners said: “We are keen to work with highly qualified and experienced people like Siag Consulting, which will guarantee that our solution will be appropriately incorporated into local requirements. Pricing Partners has been the fastest growing provider of analytics and independent valuations for exotic and structured products in Europe. After concluding this important new partner agreement in Madrid, our Iberian clients should be able to take advantage of Pricing Partners’ expertise and advanced technology, as well as Siag Consulting’s broad market experience to value exotic and structured derivative products.”
In response; David Bristow, Siag’s international director responsible for all Siag’s international partner relationships replied: “Siag has a hard earned reputation for consulting excellence in Tier 1 risk management and advanced technology systems support. We are very selective about partner technologies which we consider are able to offer our clients the best solution available in terms of market fit, system performance and value. We are delighted to add Pricing Partners as Partners to our range of leading client solutions which are fully supported locally in Iberia by our expert functional and technical teams”.
