VANCOUVER, CANADA – January 28, 2009 - QuIC Financial
Technologies Inc, a global solutions provider for risk management, pricing and
financial analytics, has announced the promotion of Justin Forrest to Executive
Vice President of Global Sales. In this newly created role, Forrest is
responsible for meeting the growing demand for its risk management solutions by
developing and directing worldwide sales strategies and managing operations for
direct and indirect sales channels.
“Following Justin’s tremendous
success driving new business and carving out market niches for QuIC, as Vice
President Business Development, we are delighted to promote him to this new
role,” said Nigel Cairns, President and CEO for QuIC. “The timing couldn’t be
better as we continue to experience accelerating global market demand for our
risk management solutions. With Justin’s appointment, we now have the ability to
scale to meet the needs of our growing customer base.”
Positioned as trusted advisors in helping banks and financial customers
advance their risk management processes, QuIC achieved significant goals for
2008, highlighted by a number of successful projects, the launch of innovative
new products, and the addition of new clients. More specifically, QuIC
effectively defined their unique market expertise in a time when risk managers
are more reliant than ever on their solutions to support evolving regulatory
compliance and risk models. QuIC promoted Forrest to best meet the increasing
demand for QuIC’s high performance risk management solutions.
“It’s an exciting time to be at QuIC, an industry leader with a proven track
record of success, a world-class management team and an innovative product suite
that continues to change the landscape for risk management services,” added
Forrest. “We are uniquely positioned to assist banks and financial organisations
meet evolving regulatory demands and I look forward to continuing my efforts to
accelerate product acceptance and adoption.”
With over 20 years of capital markets experience, Forrest’s expertise centres on
partnerships, distribution, channel sales and strategic development. Prior to
joining QuIC, Forrest held senior management positions with Algorithmics Inc.,
NatWest Global Financial Markets and IBM UK. As Head of Risk IT at NatWest, he
led the design of a consolidated global risk architecture, and oversaw the
derivative-processing capability of the firm's middle-and-back-office
operations. As a principal consultant within IBM Capital Markets, Forrest’s
responsibilities included the development of the capital markets consulting
business.
About QuIC Financial Technologies, Inc.
QuIC is a global
solutions provider for risk management, pricing and financial analytics. The
QuIC Product Suite features an exceptionally fast vector-based calculation and
simulation platform for pricing, risk management and financial analytics. Built
with fully open technology, the QuIC Product Suite integrates easily with
in-house and partner systems and operates in diverse environments, from a single
laptop to large distributed grids. QuIC technology is delivered on a shared
calculation fabric available to multiple recipients throughout the enterprise,
allowing risk management professionals to collaborate in developing new
analytics strategies and technology solutions.
Press
Contact
Julie Zuzek
Director of Marketing and Communications
QuIC Financial Technologies Inc.
Tel: +44 (0)20 7562 4570
Fax: +44
(0)20 7562 4571
julie.zuzek@quic.com
Trademarks
QuIC, the QuIC logo, and QuIC Analytic, QuIC
Analytics – XL, QuIC Analyzer, QuIC Engine, QuIC Functions, QuIC Integration,
QuIC Links, QuIC Mechanics, QuIC Network Engine, QuIC Platform, QuIC Product
Suite, QuIC Publisher, QuIC Script, QuIC Simulation Framework, QuIC Run, QuIC
View, and QuIC Workbench product names are trademarks of QuIC Financial
Technologies Inc. or a licensor in Canada, the United States and/or other
countries.