DeriveXperts opens London office
DeriveXperts has opened a London office to support the rollout of the company’s valuation platform for OTC products.
The move comes ahead of the application of the EMIR (European Market Infrastructure Regulation), which aims to improve transparency and risk management on the over-the-counter derivatives market, and (on 22 July 2013) the application of the AIFM directive (Alternative Investment Fund Managers), which aims to regulate the managers of non-Ucits funds.
DeriveXperts’s chairman Francis Cornut says: “As part of the expansion of our valuation platform for OTC products, London, the European capital of alternative investment fund management, is quite naturally the key location, particularly in light of the coming into force of EMIR and the AIFM directive. We’ll be able to extend our expertise and our coverage, as well as providing our clients with a view that is both more complete and more specific for their assorted valuation issues.”
The London office will be run from Paris by Cornut and will have a team of six when it opens in January.
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