Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

SuperDerivatives Appoints Citibank’s Head Of Rates Ravit Mandel As Vice President For Products

Date 16/09/2008

SuperDerivatives, the benchmark for derivatives and the world leader for front office derivatives solutions and valuation, has strengthened its global team with the appointment of Ravit Mandell to lead the organisation’s product management function.

Ravit joins SuperDerivatives as Vice President for Products, and will lead the group to develop and offer exceptional solutions covering all derivatives asset classes under the SuperDerivatives portfolio. She will be based in New York.

SuperDerivatives provides real-time accurate pricing for all options and derivatives structures through its unique universal pricing model, which has become the world’s benchmark for option pricing, including currencies, commodities and interest rates.

As one of the financial world’s leading experts on financial derivatives trading and technology, Ravit brings a wealth of first hand experience of the customer need for efficient tools for pricing and processing all derivatives products.

Ravit comes to the SuperDerivatives team from Citigroup where, as Global Head of Rates, she was responsible for the option and swap desks, exotics trading and the structuring desk, mortgage backed securities, CMO trading, and government and agency bonds trading.

She holds a Ph.D. in Theoretical Physics from Columbia University and started her career at Salomon Brothers’ Bond Portfolio Analysis group 14 years ago.

Ravit Mandell said: “Before I decided to join the company I reviewed SuperDerivatives’ products and solutions thoroughly and realised that they are both highly innovative and yet of the highest quality. The very positive feedback from the market – from top tier banks and hedge funds to small financial institutions – proves that the strategy is ideal both for current market conditions and to meet the need for effective derivatives front office work flow and processing tools.

“The business is well positioned to become the trusted source for independent insight into pricing, market data and technology solutions for derivatives and revaluation. There is a clear need in current market conditions for effective, independent derivatives pricing and processing tools. The timing could not be better for a company like SuperDerivatives to add value to this space in financial markets.”

David Gershon, CEO, SuperDerivatives, comments: "Ravit brings a wealth of first hand experience of the customer need for efficient tools for pricing, execution, processing and risk management of all derivatives products for all sectors of the global financial markets, including the buy and sell-side.

“In particular she has exceptional knowledge of interest rate products, and is fresh from front line interaction with customers who need these products. The fact that Ravit joined SuperDerivatives is also a great compliment to our suite of product offering. She is very well placed to help make our interest rates solution extremely popular and to take our first class derivatives solutions to her rich network of contacts and customers on the sell and buy-side.

“I am delighted that SuperDerivatives will be able to benefit from both her exceptional experience and knowledge of our market and the need for our solutions.”