Risk Management Solutions, the Newark, Calif.-based catastrophe modeling firm, announced that Philippe Stephan has been appointed to the newly created post of chief technology officer.
The company said Mr. Stephan has more than 20 years' experience in software development and will manage the RMS application development function and drive the architectural design and development of RMS' next generation of software.
"As catastrophe modeling becomes increasingly embedded in core business processes, we are raising our investment in software technology to deliver extensible and scalable modeling solutions for our clients," said Hemant Shah, president and chief executive officer of Risk Management Solutions.
"Philippe is perfectly positioned to lead this initiative, with his extensive experience in managing the development of sophisticated financial analytic applications and working across multidisciplinary teams to create high-performance solutions."
RMS said that before joining the firm Mr. Stephan was the CTO and head of product development at Moody's KMV where he was responsible for the development of a suite of enterprise-class portfolio credit risk modeling and risk management products.
Prior to that, he was head of systems for Credit Agricole Lazard Financial Products Bank where he designed and built front-to-back trading systems and was a software architect at Soci?t? G?n?rale Bank where he redesigned an option pricing system that led to the opening of a new structured product desk.
Mr. Stephan will be based in RMS' California headquarters. He said in a statement he is excited to join "a world-class organization that invests in bringing the next generation of technology to its client base."
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