Innovation & Job News

RiskMetrics moves to accommodate up to 20 new jobs in Ann Arbor

Wednesday, April 01, 2009

Related Tags

Ann Arbor

Given its history of success it's a pretty safe bet that RiskMetrics will continue to grow and add jobs to its Ann Arbor office.

The New York City-based firm opened its office in Ann Arbor with six people nine years ago. There were only 70 people in the company then. Today it employs 1,200 people, including 18 staff and five summer interns in Ann Arbor.

This growth has caused RiskMetrics to outgrow its downtown office. It just signed a six-year lease in local developer Peter Allen's building on North Main Street just north of downtown. The move will allow RiskMetrics to accommodate up to 20 new jobs.

"I expect to continue at our current pace of 2-3 people per year," says Paul Schmitter, manager of the Ann Arbor office for RiskMetrics.

RiskMetrics creates software that determines and tests financial risk. Often this means it runs simulations on investment portfolios. The Ann Arbor office creates much of that software. It's looking to add another person right now and expects to hire another 2-3 people this year.

They will all end up in Allen's Limestone building that is adjacent to the railroad bridge and overlooks the Huron River. RiskMetrics will occupy about half of the two-story structure.

Source: Paul Schmitter, manager of the Ann Arbor office for RiskMetrics
Writer: Jon Zemke