New CEO Named at Markov Processes International

  New CEO Named at Markov Processes International

   -Ran Fuchs Appointed to Drive Company Strategy and Corporate Development

                    -Michael Markov to Take Chairman Role

Business Wire

SUMMIT, N.J. -- October 18, 2012

Markov Processes International (MPI), a provider of superior tools for
investment and risk analytics and reporting, announced today the appointment
of Ran Fuchs as Chief Executive Officer. Mr. Fuchs will concentrate on
business strategy, global growth and corporate development. Michael Markov,
MPI’s Co-Founder and outgoing CEO, will continue on with the firm as Chairman
in a full-time capacity but with an emphasis on research, partnerships,
product initiatives and applying MPI’s IP to solve new problems.

Ran Fuchs, CEO, Markov Processes International (MPI)(Photo: Business Wire)

Ran Fuchs, CEO, Markov Processes International (MPI)(Photo: Business Wire)

“After coming to know Ran through industry connections over the years, his
intuition, tested leadership qualities and business acumen have gained my
great respect,” said Michael Markov, Chairman and Co-Founder, MPI. “With his
appreciation for MPI’s existing products and client segments, combined with
his ideas for the company’s future and proven experience growing businesses, I
am excited to hand the reins to Ran. In my new role as Chairman, I will now
have the capacity to focus on many new initiatives that I simply could not
address while running daily operations over the years. It is an exciting new
chapter for MPI.”

Mr. Fuchs’ career spans more than twenty years in the financial services
industry, extending from heading sell-side credit derivatives trading desks to
managing business lines at major financial technology firms. Mr. Fuchs was
Global Head of a series of divisions at RiskMetrics (now MSCI, NYSE: MSCI),
including Credit Risk and ESG, where he was instrumental in growing the
respective groups to become industry leaders. Most recently, Mr. Fuchs was
Head of Product Development of CITCO Transparency Platform, an initiative to
provide transparency and reporting to hedge funds and their investors.

“It is with great honor that I join MPI. After coming to know the firm and the
strengths of their technology over the years, I jumped at the opportunity to
lead the strategic growth and expansion of the business,” said Mr. Fuchs, CEO,
MPI. “With the firm’s stable of patented analytics, comprehensive reporting
and the inherent risk management applications of a technology so focused on
delivering transparency to the investment community, I am excited to lead the
business to greater prominence in the wealth and investment management
industry.”

Mr. Fuchs, 50, holds an MSc in Computer Science and Technology from the Tokyo
Institute of Technology and a BSc in Mathematics from The Hebrew University.

About MPI:

Markov Processes International, LLC (MPI) is a leading provider of solutions
for investment research, analysis and reporting to the global wealth and
investment management industry. MPI has more than 300 client organizations,
including pensions and endowments, sovereign wealth funds, global wealth
management firms, institutional consultants, investment advisors and asset
managers. Rooted in the principles of transparency, objectivity and
efficiency, MPI takes an innovative approach to problem solving in the areas
of fund analysis, risk management, asset allocation and portfolio construction
and reporting to ensure its clients have the tools to succeed in ever-crowded
markets.

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Contact:

Markov Processes International
Paul Damon, +1-802-999-5526
pdamon@markovprocesses.com