John Mooren takes up Marketing Director post with Codefarm
London, 20 November 2006
Codefarm, the structured credit technology company, has appointed John Mooren as Marketing Director. John will help broaden Codefarm's next generation Galapagos offering in the ever expanding market of structured credit.
This appointment is a key component of a substantial expansion of Codefarm , a company whose products and services unlock greater returns in very fast timescales for investment banks and financial organisations operating in the structured credit market.
John Mooren, an internationally renowned expert in the world of credit risk trading, combines front-line financial trading experience with a profound understanding of the role of sophisticated technology products across the financial sector. John has been active in credit derivatives for more than ten years, most recently as a partner at Reoch Credit Partners (formerly Reoch Consulting), where he is still a partner. At Sungard, he was a Director of Product Management for FRONT ARENA and helped position it as a leading credit trading and analytics solution. Prior to that he set up the credit trading business at HypoVereinsbank.
“John Mooren will be a tremendous asset to our company,” said Jeremy Mabbitt, managing director of Codefarm. “He has great insights into the financial markets, exceptional knowledge of credit derivatives and a thorough understanding of how to grow technology based services in this market. The uptake and success of our technology-based products and services for the financial sector continues to enable Codefarm to grow in a sustained and organic fashion.”
John Mooren commented: “Codefarm's impact on the structured credit industry has been astonishing. Their innovative approach to structuring deals has a lot of potential in this rapidly expanding industry and I am thrilled to be part of this dynamic team.”
About Codefarm
Codefarm is a technology company providing products and services to help investment banks and financial organisations achieve better returns in the structured credit market.
Applying mathematical approaches based on evolutionary computing, Codefarm provides powerful new tools for tackling highly complex combinatorial and numerical modelling problems. Its Galapagos software harnesses the processing power of grid computing, rapidly delivering optimal solutions and evolving them to keep pace with changing market conditions. By targeting exact requirements without simplification or compromise, Galapagos automates manual processes and consistently outperforms other methods.
With a policy of recruiting high-calibre personnel who quickly grasp the complexities of new financial markets, Codefarm can rapidly tailor its products to client needs.
Codefarm's growing client list includes many of the top investment banks and it is now a clear leader in maximising returns on structured derivatives products.
Codefarm is a privately-owned company with headquarters in Brighton, UK. For more information, see www.codefarm.com
Media Enquiries
Stephen Fleming at Palam Communications
Tel: +44 1635 299116
Email: sfleming@palam.co.uk
Web www.palam.co.uk
General Enquiries
Galapagos Structurer
Lindsay Gardner, Marketing Manager, Codefarm
Tel: +44 20 70021423
Email: info@codefarm.com
Web www.codefarm.com