Numerix, a provider of cross-asset analytics for derivatives valuations and risk management, has opened a new regional sales office in Sydney, Australia. The new Sydney office increases the total number of Numerix Asia-Pacific (APAC) offices to seven.

The office will be managed by Jack Drewe, regional sales director, who is responsible for the Australian and New Zealand regions. The new Numerix office symbolises the established nature and importance of the derivatives markets in Australia and serves as a validation of Numerix’s strategic commitment to the region and to providing sales and analytical support at the local level. Drewe will report directly to Erdem Ozgul, vice president, Numerix Asia South sales operation.