R2Financial Technologies, a Toronto, Canada-based provider of portfolio risk management solutions, has raised a first round of mezzanine financing from the Business Development Bank of Canada.
The company intends to use the funds to further accelerate its growth, and strengthen its product engineering and distribution capabilities.
To this end, R2 Financial Technologies announced the addition to its team of Debbie Williams, Head of Business Development and Marketing, who joins from the Royal Bank of Scotland and Dr. Leonid Merkoulovitch, Head of Quantitative Financial Modeling, who recently served at a leading hedge fund.
Founded five years ago by CEO Dan Rosen, the company develops and provides risk and portfolio management software solutions, which are designed to empower credit traders, portfolio and risk managers with analytical capabilities for valuation, hedging, optimization, and capital management.
FinSMEs
18/05/2011