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Fitch Appoints New Financial Institutions & Structured Finance Group Heads
August 23, 2017 / 1:15 PM / 3 months ago

Fitch Appoints New Financial Institutions & Structured Finance Group Heads

(The following statement was released by the rating agency) LONDON/NEW YORK, August 23 (Fitch) Fitch Ratings has announced several new global and regional group heads for its Financial Institutions and Structured Finance analytical groups. Kevin Duignan has been appointed Global Group Head for Financial Institutions, based in New York. A 25-year veteran of Fitch Ratings, Mr. Duignan has held a variety of senior roles, most recently serving as Global Head of Structured Finance and Covered Bonds. Marjan van der Weijden has been appointed Global Group Head of Structured Finance and Covered Bonds, based in London. Ms. van der Weijden has been with Fitch for 18 years and held a variety of roles in Asia and Europe, most recently serving as Head of EMEA Structured Finance since 2010. Both appointments are effective Sept. 1 and will report to Brett Hemsley, Fitch's Global Analytical Head. In a newly created role, Nathan Flanders has been appointed Global Head of Non-Bank Financial Institutions (NBFI). During his 18-year career at Fitch, Mr. Flanders has held senior analytical roles in the Financial Institutions, Fund and Asset Management, Structured Credit, Financial Guarantors and ABS groups. Based in New York, Mr. Flanders will report to Kevin Duignan. In addition, Mark Young has been appointed Head of NBFI for EMEA and APAC. Reporting to Mr. Flanders, Mr. Young returns to London from Singapore where he was Head of Financial Institutions, APAC for six years. Rui Pereira and Susanne Matern have been appointed Head of Structured Finance, North America and Head of Structured Finance EMEA, respectively. Mr. Pereira, based in New York, and Ms. Matern, based in Frankfurt, will report to Marjan van der Weijden. Brett Hemsley, Global Analytical Head of Fitch Ratings, said: "The Financial Institutions and Structured Finance sectors are vitally and strategically important sectors in our overall ratings portfolio and we are pleased to have strong and long-standing Fitch leaders in these key management roles. With their collective experience, knowledge and insight, Fitch is exceptionally well positioned to continue to deliver analytical excellence and thought leadership in these key sectors to market participants globally." Hemsley added: "Since the global financial crisis, we have seen rapid growth in the rated universe of NBFIs and significant increases in the size and importance of the NBFI sector, both in terms of number of rated issuers and volumes of bonds sold into the market. As a result, now is the time to create a dedicated group to focus exclusively on analysis, research, ratings and criteria development for the NBFI asset class." Contact: Rebecca O'Neill Head of Media Relations, Fitch Ratings +44 203 530 1697 Fitch Ratings Limited, 30 North Colonnade, London E14 5G Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; BMI Research, an independent provider of country risk and industry analysis specializing in emerging and frontier markets; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is majority owned by Hearst. Additional information is available on www.fitchratings.com ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: here. 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Reproduction or retransmission in whole or in part is prohibited except by permission. All rights reserved. In issuing and maintaining its ratings and in making other reports (including forecast information), Fitch relies on factual information it receives from issuers and underwriters and from other sources Fitch believes to be credible. Fitch conducts a reasonable investigation of the factual information relied upon by it in accordance with its ratings methodology, and obtains reasonable verification of that information from independent sources, to the extent such sources are available for a given security or in a given jurisdiction. 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Users of Fitch’s ratings and reports should understand that neither an enhanced factual investigation nor any third-party verification can ensure that all of the information Fitch relies on in connection with a rating or a report will be accurate and complete. Ultimately, the issuer and its advisers are responsible for the accuracy of the information they provide to Fitch and to the market in offering documents and other reports. In issuing its ratings and its reports, Fitch must rely on the work of experts, including independent auditors with respect to financial statements and attorneys with respect to legal and tax matters. Further, ratings and forecasts of financial and other information are inherently forward-looking and embody assumptions and predictions about future events that by their nature cannot be verified as facts. As a result, despite any verification of current facts, ratings and forecasts can be affected by future events or conditions that were not anticipated at the time a rating or forecast was issued or affirmed. The information in this report is provided “as is” without any representation or warranty of any kind, and Fitch does not represent or warrant that the report or any of its contents will meet any of the requirements of a recipient of the report. A Fitch rating is an opinion as to the creditworthiness of a security. This opinion and reports made by Fitch are based on established criteria and methodologies that Fitch is continuously evaluating and updating. Therefore, ratings and reports are the collective work product of Fitch and no individual, or group of individuals, is solely responsible for a rating or a report. The rating does not address the risk of loss due to risks other than credit risk, unless such risk is specifically mentioned. 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Due to the relative efficiency of electronic publishing and distribution, Fitch research may be available to electronic subscribers up to three days earlier than to print subscribers. For Australia, New Zealand, Taiwan and South Korea only: Fitch Australia Pty Ltd holds an Australian financial services license (AFS license no. 337123) which authorizes it to provide credit ratings to wholesale clients only. Credit ratings information published by Fitch is not intended to be used by persons who are retail clients within the meaning of the Corporations Act 2001

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