NEW YORK & LONDON - (Business Wire) Fitch Ratings has established a new function within its Structured Finance rating groups known as Portfolio Risk, appointing two new Portfolio Risk Officers in the process.
Managing Director and former U.S. RMBS co-head Glenn Costello will become head Portfolio Risk Officer for U.S. structured finance, reporting to Group Managing Director John Bonfiglio. Managing Director Stuart Jennings, formerly the head of Fitch's European RMBS team, takes over as lead Portfolio Risk Officer for EMEA structured finance, reporting to Group Managing Director Ian Linnell.
"The Portfolio Risk Officer will bring enhanced analytical oversight, experience and training to all structured finance groups by working with each of them in identifying important trends, ensuring our analytical process is both rigorous and balanced, and helping to identify and encourage strong opinion and research opportunities," said Paul Taylor, head of Global Structured Finance for Fitch Ratings.
Coinciding with the creation of the new positions, Group Managing Director Huxley Somerville becomes head of Fitch's U.S. RMBS group, reporting to John Bonfiglio.
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Fitch Ratings
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