Cyber-risk modelling company DeNexus has hired Víctor Manuel Aguilar Gutiérrez to increase its reach in Europe, the Middle East and Africa.

DeNexus, a California-based company with a new office in Bermuda, is a provider of cyber-risk quantification and management tools for large industrial organisations, global (re)insurers and investors in insurance-linked securities.

Mr Gutiérrez, a sales and engineering security specialist, will become vice-president of sales on November 14, and will be based in Lugano, Switzerland.

DeNexus founder and chief executive officer, Jose Seara, said: “With his appointment, we are marking a further step on our geographical growth path. By leveraging Víctor’s expertise and network of contacts, we look forward to empowering more industrial enterprises and risk underwriters in EMEA to quantify and manage cyber-risk exposure on a continuous, self-adaptive basis.”

At DeNexus, Mr Gutiérrez will extend the firm’s value proposition in the cyber-risk quantification and management sphere to the United Kingdom, Europe, Middle East and Africa.

DeNexus opened its Lugano office in July with the aim of creating a new hub of cyber knowledge in Switzerland. The firm also recently opened an office in London as part of its strategy to build out its cyber expertise in Europe.

Previously, Mr Gutiérrez has been regional director, Iberia and Turkey at Nozomi Networks in Switzerland, and security consulting engineer for EMEA at Cisco Systems.