SOURCE: Kamakura Corporation

Kamakura Corporation

April 12, 2011 11:00 ET

Marc Joffe Named Senior Advisor to Kamakura Corporation

NEW YORK, NY--(Marketwire - Apr 12, 2011) - Kamakura Corporation announced today that Marc Joffe has been named Senior Advisor to Kamakura Corporation. Mr. Joffe will be based in San Francisco and will be part of the company's client services team supporting existing and prospective customers as they implement and maximize the benefits from Kamakura's risk management solutions. Additionally he will work closely with Mark Mesler, Managing Director and head of KRIS default probability services on product development efforts. Mr. Joffe is a specialist in the areas of public finance, credit risk and application development.

Prior to joining Kamakura, Marc was a Senior Director with Moody's Analytics and a product manager for Moody's KMV. "Marc brings to us extensive experience in systems technology, risk management and credit analytics along with the ability to integrate the three for the benefit of the client," said Kamakura Chief Administrative Officer Martin Zorn. "Marc is a great addition to our team and will be a tremendous asset to our customers and as well as help drive our continuous innovation."

"As a former competitor, I was impressed with the unique capabilities Kamakura brings to the marketplace, including its open approach to corporate default risk modeling, its first of a kind sovereign default probability tool and the ability to jointly address credit and market risk within a single framework," Joffe said. "I look forward to working with colleagues at Kamakura to build upon the sovereign model and add support for sub-sovereign issuers."

Mr. Joffe received his Master of Business Administration and Bachelor of Arts in Economics from New York University where he was inducted into Phi Beta Kappa. He is currently attending the San Francisco University where he expects to earn his MPA in Public Administration, and has recently been nominated to Pi Alpha Alpha, the Public Administration honor society.

About Kamakura Corporation
Founded in 1990, Honolulu-based Kamakura Corporation is a leading provider of risk management information, processing and software. Kamakura has taken Credit Technology Innovation Awards from Credit Magazine each year since 2008. In 2010, Kamakura was the only vendor to win 2 innovation awards, one each with distribution partners Fiserv and Thomson Reuters. Kamakura, along with its distributor Fiserv, was ranked number one in asset and liability management analysis and liquidity risk analysis in the RISK Technology Rankings in 2009. Kamakura Risk Manager, first sold commercially in 1993 and now in version 7.2, was also named in the top five for market risk assessment, Basel II capital calculations, and for "risk dashboard." Kamakura was also ranked in the RISK Technology Rankings 2008 as one of the world's top 3 risk information providers for its KRIS default probability service. The KRIS public firm default service was launched in 2002, and the KRIS sovereign default service, the world's first, was launched in 2008. KRIS default probabilities are displayed for 4000 corporates and sovereigns via the Reuters 3000 Xtra service and the Thomson Reuters Eikon service. Kamakura has served more than 200 clients ranging in size from $3 billion in assets to $1.6 trillion in assets. Kamakura's risk management products are currently used in 34 countries, including the United States, Canada, Germany, the Netherlands, France, Austria, Switzerland, the United Kingdom, Russia, the Ukraine, Eastern Europe, the Middle East, Africa, South America, Australia, Japan, China, Korea and many other countries in Asia.

Kamakura has world-wide distribution alliances with Fiserv (www.fiserv.com), Sumisho Computer Systems (http://www.scs.co.jp/english/), Unisys (www.unisys.com), and Zylog Systems (www.zsl.com), making Kamakura products available in almost every major city around the globe.

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