Nomura Research Institute, Ltd., a provider of consulting services and system solutions, reports that its NRI Financial Technologies India Pvt. Ltd (NRI FinTech) is establishing a new Mumbai-based group, which will be headed by Dr. Chiragra Chakrabarty.
Chakrabarty, who has “more than 15 years of experience providing consultancy services for market development, financial and commodity derivative products, financial and treasury risk management, valuation of derivatives/structured products and credit risk management,” according to a company statement, is expected to focus on the “increasing demand within the banking and financial services industry for financial technology consultation in India and the surrounding regions.”
NRI FinTech’s financial-services offerings include maintenance and support for the back offices of clients.
Specific services provided by the Mumbai office, according to NRI FinTech, include customized treasury risk management for financial institutions, validation of valuation models and methodologies, third party valuation and hedge effectiveness testing, exchange and market intermediaries, consulting and advisory for mergers and acquisitions, banking operations and knowledge augmentation for training and additional programs for various stakeholders. The company also offers services for the design of products and financial risk measurement models.
Nomura Research Institute is a part of the Nomura Group, which in late 2008 acquired Lehman Brothers’ Asian holdings, as well as significant Lehman interests in Europe and the Middle East.
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