Quantifi has acquired Moment Analytics, a privately held risk management software vendor. David Kelly, Moment Analytics' ceo, joins Quantifi as director of credit product development and will be based in the US. This is Quantifi's first acquisition.

Moment Analytics provides trading and risk management infrastructure for buy- and sell-side institutions covering a variety of OTC and exchange-traded fixed income, FX, equity, commodity and credit products. Quantifi will integrate components of the firm's software into its product suite and continue to support Moment Analytics' clients.

Kelly brings almost 20 years of experience as a trader and quant to Quantifi. At Citigroup, he was the senior credit trader on the global portfolio optimisation desk, responsible for actively managing the credit risk in derivatives positions and establishing the CVA business. Prior to this, he ran Chase's global analytics group, where he was responsible for front-office pricing models and risk management tools for the global derivatives trading desks, including the firm's first CVA system for active counterparty risk management and credit charging.