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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
WatersTechnology Asia Awards 2025: All the winners and why they won
The winners of the 6th annual WatersTechnology Asia Awards have been announced.
Asia Awards 2025: Best analytics initiative—DBS Bank (Manager Analytics Assistant)
DBS Bank’s Manager Analytics Assistant wins best analytics initiative in the 2025 Asia Awards.
Asia Awards 2025: Best trading network—Iress
Iress wins best trading network in the 2025 Asia Awards.
Asia Awards 2025: Best ESG data provider—FIS
FIS wins best ESG data provider in the 2025 Asia Awards.
Asia Awards 2025: Best performance measurement and attribution product—Finastra
Finastra wins best performance measurement and attribution product in the 2025 Asia Awards.
Asia Awards 2025: Best outsourcing provider—Northern Trust
Northern Trust wins best outsourcing provider in the 2025 Asia Awards.
Asia Awards 2025: Best middle-office platform—OSTTRA
OSTTRA wins best middle-office platform in the 2025 Asia Awards.
Asia Awards 2025: Best data management initiative—DBS Bank
DBS Bank’s RDU Governance Operating Model wins best data management initiative in the 2025 Asia Awards.