NEW YORK - Wednesday, November 9th 2011 [ME NewsWire]
Axioma’s Employee Ranks Have Grown More Than 50% Since the End of 2008
(BUSINESS WIRE)-- Axioma, Inc., a leading provider of decision support, risk analysis and portfolio rebalancing and analysis tools, today announced the expansion of its senior management team with the addition of Dr. Claude Greengard to the role of vice president of client services. In this role, Greengard will report to Axioma CEO Dr. Sebastiàn Ceria and have global responsibility for Axioma’s professional services and client support divisions. Greengard joins from IBM where, in a 22-year career, he ascended to top positions in divisions including IBM Financial Services and IBM Global Technology Services.
“Claude’s extensive and impressive career at IBM displays remarkable technical ability coupled with excellent business expertise,” said Ceria. “These traits are especially important in an environment where market conditions have created tremendous demand for sophisticated risk models and knowledgeable risk experts. Claude will be a valuable resource for our clients looking to create and advance custom risk management and portfolio optimization strategies.”
Axioma, which has increased its employee base by 50% since the fourth quarter of 2008, recently made a series of announcements including: the launch of the Axioma Risk Model Machine™, a singular offering that allows clients to build customized risk models specifically tuned to their own investment processes; a partnership with Russell Indexes which produced a series of 10 U.S. equity ETFs called the Russell Factor ETFs; version 2.1 of its enhanced Global and Regional Risk Model; the opening of an office in Australia; and its place on the 2011 list of the top 100 private companies in North America by Red Herring.
While at IBM, Greengard began as an applied math researcher and became the director of research for the applied math department. He then moved to the financial services sector where he held a number of diverse roles, first as a manager and then as the innovation and transformation executive. In 2003 he extended his role within IBM Global Services as a director of global innovation before becoming chief technology officer for the IBM Sales & Distribution Division, ultimately rising to vice president, technical sales for IBM Global Technology Services.
About Axioma:
Axioma, Inc. develops and markets innovative risk analysis, portfolio rebalancing and performance attribution products for the financial services industry. Founded in 1998 and headquartered in New York with additional offices in Atlanta, San Francisco, London, Hong Kong, Singapore and Sydney, Axioma helps leading financial firms manage risk, increase returns and improve operational efficiency. For more information about Axioma, please contact Topher Wurts at 212.991.4506, or visit the company’s website at www.axioma.com.
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