Numerix, a leading provider of cross-asset analytics for derivatives valuations and risk management, has opened its new Vancouver office and begun hiring of new inside sales, quantitative development, and business analyst team members there. The new office expands on Numerix's existing sales force and quantitative development presence in North America.

"With access to the best and brightest talent in the region, the creation of our Vancouver based inside sales team represents the successful addition of the proven talent and industry experience needed to drive sales and accelerate our position in the…market," said Steven R. O'Hanlon, president and COO of Numerix.

Lee Malleau, CEO of the Vancouver Economic Development Commission, commented on Numerix's decision to expand in Vancouver: "A diversified economy and favorable tax environment make Vancouver a highly desirable and competitive location for financial businesses. Companies like Numerix add strength to our financial sector and, in turn, they can leverage Vancouver's strong connections to emerging Asian economies and our excellent position as a global gateway.