Risk management solutions provider Reval has hired ex-QuIC Financial sales head, Nigel Sirett as its new managing director for the Europe, Middle East and Africa. In his new role, he will be responsible for driving sales in the region for its derivative risk management and hedge accounting solutions.
At QuIC Financial, Sirett was responsible for EMEA sales, focused on counterparty credit exposure and structured derivative valuation. Prior to QuIC, he was managing director EMEA at Fiserv IPS-Sendero, where he led sales, consulting and client services teams based in London, Frankfurt, Milan and Warsaw.
Reval’s figures for last year, which were released in January, indicate that it experienced a 50% in revenue in 2008. The vendor hopes that by the addition of new strategic hires, it will continue to grow over 2009 in spite of the tough economic climate.