News: All Change at OpenGamma

05 October 2016 | Bill Hodgson

Over at OG a big news release: http://www.opengamma.com/news/press-releases/opengamma-raises-133-million-accel-and-icap

The short version:

  • An investment of USD 13.3m from two capital funds
  • Peter Rippon becomes CEO (ex-COO)
  • Founder & Chairman Kirk Wylie has moved to other opportunities
  • CEO Mas Nakachi becomes Vice Chairman
  • New COO Maxime Jeanniard

The funds will be used to address increasing demand from financial institutions for more efficient use of capital and technology resources.  By deploying an innovative range of software-as-a-service (SaaS) solutions based on an open source library of standardized derivatives pricing and risk models, OpenGamma is offering a more cost-effective and nimble alternative to legacy, enterprise-wide platforms.