News Article

Yakov Kanter to head Independent Valuations at Julius Finance

Julius Finance, the leader in model fusion for financial applications, today announced that industry veteran and trader Dr. Yakov Kanter will head Julius Finance's Independent Valuation and Consulting business.

New York, February 4, 2009: Julius Finance, the leader in model fusion for financial applications, today announced that industry veteran and trader Dr. Yakov Kanter will head Julius Finance's Independent Valuation and Consulting business. Formerly an Executive Director at Morgan Stanley, Dr. Kanter will take the role of President at Julius Finance.

"One key component of the current financial crisis is a lack of trust in the valuation of complex structured products. I see this as a remarkable opportunity for truly independent providers of high quality valuation services", noted Dr. Kanter. "There are thousands of institutions holding various structured products which need to be valued and risk managed."

Julius Finance reports a strong flow of reverse inquires from institutions that need to comply with FAS 157, FAS 133 and related accounting standards for valuations of Corporate and ABS CDOs and CSOs, Trust Preferred CDOs and other structured products in their portfolios.

"Dr. Kanter brings a wealth of practical expertise trading and risk managing interest rate, prepayment, counterparty and credit sensitive structures", said C.E.O. Peter Cotton. "He has also been at the forefront of modeling research for many years and a long time advocate of careful, internally consistent modeling of complex financial instruments, including MBS and credit derivatives."

"What is remarkable about Julius Finance is that it has invested time and effort into developing fundamentally sound, arbitrage-free models for structured products", noted Dr. Kanter. "We can demonstrate to our customers that our valuations are truly consistent with all relevant market information."

Julius Finance is a leading provider of credit analytics, and the first vendor to build an arbitrage-free dynamic model for CDX and iTraxx tranches. This rigorous approach provides the proper framework for making relative value calls on liquidly traded tranches and has been leveraged in the JuliusProp™ product.

For more information please contact:-
Nicholas de Jong
Phone: + 1 646 378 2123
Email: press@juliusfinance.com
Web: www.juliusfinance.com
Office: Julius Finance Corporation, 5 Penn Plaza, Level 23, New York, NY 10001, USA