Jersey City, New Jersey, August 13, 2002 - Principia Partners LLC, a leading provider of full front-to-back office systems for global capital markets, announces the appointment of Dr. Anil Vijayan, a leading derivatives, risk and accounting systems specialist, to boost client services capabilities and product implementation for the Principia System worldwide.
Anil brings extensive project management experience to Principia Partners from technology and analytics roles at investment banking, consulting and software firms. He has broad expertise in cross-asset derivative products, trading and risk management process and methodology, and the FAS133 and IAS 39 accounting standards.
Anil will play a principal role in shaping the company's FAS133/IAS39 derivatives accounting product strategy. In this capacity, he will help develop best practices and product functionality required to comply with the evolving accounting standards.
Prior to joining Principia Partners Anil headed up a team of twelve in the STP practise at Andersen Consulting, enabling partner products to meet T+1 and real-time trade processing requirements. While at Andersen Consulting Anil worked on an enterprise data warehouse project to handle market and credit risk in the insurance industry, and also completed two technology design and implementation projects for trading and risk management systems at leading Wall Street firms.
Previous to Andersen Consulting, Anil was a Principal consultant for the Financial Risk Management practice at PriceWaterhouseCoopers. He was also part of the trading and risk management solution development and selection process for credit derivatives, including the development of a web-enabled credit derivatives trading platform. Anil was also actively involved in creating FAS 133 compliant systems, and equity derivatives and market risk solutions for financial institutions.
Before PriceWaterhouseCoopers Anil was manager of Sungard's risk practice where he was responsible for trading, risk (market and credit) derivatives applications. Anil has also held trading and risk management consultant positions at Deutsche Bank and KPMG.
Dr. Vijayan, says: "I am very pleased to be joining a team that is committed to meeting the requirements of very complex instruments in the constantly evolving financial markets. I am looking forward to working with a highly talented team of individuals."
"Demand for the Principia System is continuing to drive our recruitment and expansion strategy," states Theresa Adams, one of Principia Partners' founding partners. "We will continue to hire leading professionals who understand the complexities of the markets we support. Anil's broad market expertise and hands-on experience with financial accounting standards will be key to our efforts in developing the Principia System to meet changingmarket requirements."