AFTAs 2016: Best Third-Party Technology Vendor CIO or CEO—Steven O’Hanlon (Numerix)
The category's first recipient is Steven O'Hanlon, CEO of New York-based Numerix, a provider of credit and market risk products and services that have served the firm well in recent years in terms of accolades: Numerix has won numerous Waters and WatersTechnology Awards, including back-to-back wins in 2015 and 2016 in the credit risk category of the Sell-Side Technology Awards and a pair of wins in 2014 and 2015 in the corresponding category in the Waters Rankings.
It goes without saying that an organization with a good leader does not necessarily mean it will be successful, although any firm that does not have a good leader is almost certain to fail. O’Hanlon, who took Numerix’s reins in January 2013, played a pivotal role in transforming the firm from one of near-collapse in 2002 to one that is now arguably the industry leader of market and credit risk management software. He has, according to the firm, continuously led change, invented new markets, and disrupted the status quo in what is surely one of the most mature and therefore competitive segments across the capital markets.
From a pricing and risk management perspective, one of the most significant developments that occurred in the wake of the global financial crisis of 2008 was the emergence of credit value adjustment (CVA), a measure that seeks to quantify the market value of counterparty credit risk.
Numerix was one of the early proponents of CVA in what ultimately became an entire offering around pricing adjustments. Numerix’s sweet spot is around the complex mathematics along with on-demand real-time calculations that represent the foundation of any competent risk management discipline, the combination of which has clearly struck a chord with buy-side and sell-side firms.
Today, risk represents 37 percent of Numerix’s licensing revenue and 10 percent of its services. In March this year, Numerix unveiled Oneview, its flagship risk analytics platform, designed to support enterprise-level risk management and the optimization of capital, collateral and funding for maximizing profitability.
O’Hanlon, who took Numerix’s reins in January 2013, played a pivotal role in transforming the firm from one of near-collapse in 2002 to one that is now arguably the industry leader of market and credit risk management software.
O’Hanlon’s personal achievements include being named one of New York SmartCEO’s Future 50 rising stars, as well as being ranked annually on Institutional Investor’s “Tech 50” and “Trading Technology 40” lists. He was also named FinTech Person of the Year in the FTF News Technology Innovation awards in 2015.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Rising star (vendor) – data, engineering & product development—Roberta Bill, SmartStream Technologies
Roberta Bill, product manager at SmartStream Technologies, wins rising star (vendor) – data, engineering & product development, in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology leader of the year (end-user)—Sejal Shah, BNP Paribas India Services
Sejal Shah, director and head of Global Markets IT BNP Paribas India Services, wins technology leader of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Reference data professional of the year (end-user)—Ludmilla Morgunova, BNP Paribas
Ludmilla Morgunova, Java developer on BNP Paribas’ Referential Data Platform, wins reference data professional of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (trading and risk)—Mina Wallace, SS&C Algorithmics
Mina Wallace, general manager and senior vice president of the risk management business unit at SS&C Algorithmics, wins the vendor professional of the year (trading and risk) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
Susan Bennett, managing director, global head of product marketing at Tradeweb, wins the above and beyond award (vendor) in the 2024 Women in Technology and Data Awards.
Women in Technology & Data Awards 2024: All the winners and why they won
WatersTechnology honored the winners of the 36 categories in the 2024 Women in Technology & Data Awards, who were announced at a sit-down lunch in London on International Women's Day on March 8.
AFTAs 2023: Best new technology introduced over the last 12 months (data & data services)—SS&C Aloha
Northern Trust: Improving transparency across the asset servicing market
Northern Trust won three categories in the 2023 American Financial Technology Awards. Paul d’Ouville, global head of technology solutions and servicing at Northern Trust, discusses his firm’s fourth consecutive win in the Best reporting initiative…
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Fighting FAIRR: Inside the bill aiming to keep AI and algos honest