|Pricing Partners provides consulting service with ESTER - Sep 09|
Pricing Partners provides consulting service with ESTER
September 02, 2009, Paris-London: Pricing Partners www.pricingpartners.com, the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today that it is teaming up with ESTER S.A.S to provide consulting services and financial advisory. This complementary partnership combines the financial management know-how from ESTER and the expertise of models and analytics from Pricing Partners to deliver high quality solutions to their clients.
ESTER S.A.S (www.esterfinance.com) is a consulting firm founded by Elsa Sitruk and Stéphane Kourganoff, both former Investment Banking and Asset Management professionals, offering state of the art financial solutions for its clients on most asset classes including interest rates, foreign exchange, equity, credit, and commodities products. This partnership, established in the midst of the financial crisis, adds substantial value to the current Pricing Partners offering and helps clients handle complex investment and debt management issues beyond independent valuation.
Mr Stéphane Kourganoff, former global head of Trading in Fixed Income markets at Ixis, who co-founded ESTER together with Elsa Sitruk, an ex-Goldman Sachs professional in Structuring comments: “Our unique setup enables us to provide cutting edge solutions to our clients. We deliver operational advisory in combining state of the art pricing tools and a high level of experience across Capital Markets and Asset Management. So far, we have already built strong references across various types of clients who found in ESTER the appropriate level of expertise to support their financial strategy.”
Eric Benhamou, CEO of Pricing Partners comments: “I have known and worked both with Elsa Sitruk and Stéphane Kourganoff for years, while at Goldman and then at Ixis CIB. They have been very successful. When I heard about ESTER, I knew I wanted to partner with them. Their company, ESTER, addresses very topical subject that are very complementary to our independent valuation platform and tools. It therefore made sense to partner with them. I am very happy about the future collaboration. This fits well in the Pricing Partners effort to developing strong partnerships with tomorrows’ future leaders in businesses closely related to ours.”
ESTER is a consulting firm founded by experts from the financial market, offering supporting know-how on financial management, particularly for complex products. Following the recent crisis, ESTER Finance delivers consulting solutions with the purpose of optimizing clients’ financial performance, in particular in the field of derivatives and structured products across a wide range of asset classes including Interest rates, FX, Credit, Equities and Commodities.
About Pricing Partners
Set up by former professionals of the trading industry, Pricing Partners offers accurate solutions for derivatives products valuation, pricing tools and risk analytics. Thanks to Price-it online, a SaaS platform, Pricing Partners provides independent valuation from the vanilla to the most exotic financial products on most assets (Interest Rates, Fixed Income, Equity, Inflation, Credit, Foreign Exchange, Commodities, Life Insurance and Hybrid products). Pricing Partners develops and commercializes Price-it Excel, an analytic and independent pricing library using a generic payoff language description which allows the pricing of virtually any financial derivatives. Price-it also supports VaR, CVaR and the most common risk management tools. Pricing Partners is the only company completely mastering the chain of valuation, developing both its own pricing library and a valuation platform giving its clients very accurate and reliable valuation as a result of its intrinsic knowledge of the pricing tools. Pricing Partners solutions can be used by investment banks, buy side firms, hedge funds, financial departments, trading rooms and audit firms.
Pricing Partners has also signed numerous partnerships to distribute its technology with leading institutions like NYSE Euronext (for its independent valuation service via Prime Source), Misys (for its pricing library integrated into Summit), CMA or Lexifi. It is also a Microsoft IDEES partner, an IBM, Sun, Datasynapse and ActiveEon partner. Furthermore, it is a member of the grid research consortium GCPMF uniting BNP Paribas, Calyon, Ecole Centrale, EDF, ENPC, INRIA, Natixis, Misys, Pars VI University and Supelec and a global coordinator of the Credinext consortium, in collaboration with Prime Source, Lunalogic, Ecole Polytechnique, ENPC, University of Marne La Vallée and INRIA.
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