Savitsky will coordinate Markitâs ABS sales effort globally, distributing the firmâs data and analytics services for the structured finance markets. He brings to Markit extensive experience in developing and distributing specialist products for the North American and European ABS markets, with particular expertise in the Commercial Mortgage-Backed Securities (CMBS) market. Savitsky joins from Trepp where he headed sales and business development for the firmâs CMBS platform.
Geraghty joins Markitâs North American structured finance product development team, with a specific focus on data and the modelling of structured securities. Prior to joining Markit, Geraghty was a Managing Director at Wall Street Analytics where he was responsible for product development. Geraghty began his career as a mortgage-backed securities trader at JPMorgan where he spent six years structuring, pricing and marketing new issues.
Savitsky and Geraghty will both be based in New York. These appointments reflect Markitâs commitment to providing the structured finance markets with data and analytics to improve transparency and efficiency. Last week, Markit acquired ABSReports, an ABS deal reporting service. In August 2006, the company acquired Chasen Enterprises, a provider of deal modelling for structured securities. Last year also saw Markit launch ABX and CMBX, the widely traded synthetic ABS and CMBS indices, in conjunction with the dealer consortium CDS IndexCo.
Michael Rushmore, Executive Vice President and Head of Sales and Marketing at Markit, said: âJim is widely recognised as an industry thought-leader with deep customer relationships that have been developed over more than 10 years of experience in the ABS market. We are delighted that Jim has joined the Markit team to help shape our customer-focused vision for the future of structured finance services.â
Kevin Gould, Executive Vice President and Head of Data Products and Analytics at Markit, commented: âTom is a valuable addition to our ABS specialist team. He brings 17 years of structured finance experience to Markit, and will help us meet the burgeoning demand for efficient, accurate means to track and analyse the global ABS market, both cash and synthetic.â
Markitâs services are used by almost 1,000 institutions to enhance trading operations and reduce risk.