Sophis, a cross-asset, front-to-back portfolio and risk management technologies provider, has expanded its North America office by relocating from 594 Broadway to 99 Park Avenue in midtown Manhattan. This move is described by the company as the latest step in implementing its strategy of increasing its share of the North American segment in the risk technology market, estimated at $5.9 billion for 2008 by Chartis Research.
Pascal Xatart, who became CEO of Sophis in July 2007, declared at the time that Sophis would be accelerating its international expansion, particularly in the United States. Mr. Xatart also stated that Sophis planned to continue investing in the research and development that have made its solutions responsive to the requirements of both large institutions and boutique firms.
“North America is a dynamic and fast-moving market for us,” remarks Eric Bernstein, COO North America, Sophis. “We have seen a great deal of interest along the entire spectrum of our products’ capabilities, but people have been especially interested in the best ways to address the risk, uncertainty, and volatility that we are experiencing today,” he adds.