European Evaluated Pricing team grows to respond to robust market demand. This comes on top of their recent ABS/MBS, CSVand Masterfeed initiatives.
LONDON, May 03, 2006 — Standard & Poor’s, a leading global provider of independent securities evaluations today announced that James West and Roderick Gonggrijp have both joined its European evaluations team.
These appointments reflect the surge in demand for Standard & Poor’s Evaluated pricing products and underscore the company’s investment in maintaining excellent customer service. Standard & Poor’s recently launched their pioneering service for valuing European Structured Finance securities. This follows upon their customer driven expansion into the valuation of hard to price US structured finance securities including CMO’s, CMBS, CDO’s, CLO’s and complex instruments such as global interest rate, total return and credit default swaps. Standard & Poor’s also recently teamed up with CSV Inc. to provide a global comprehensive mark to market solution for complex securities pricing. Customers of Standard & Poor’s have easy access to this data as a result of new ‘Masterfeed’ file - a delivery of the pricing data that consolidates all the asset classes Standard & Poor’s prices into one easy to use and customizable coma delimited file.
James West joins Standard & Poor’s as Senior Structured Finance Evaluator and Roderick Gonggrijp as Senior Corporate Evaluator. Previous to this, both James and Roderick spent five years at FT Interactive Data. Mr West will initially be responsible for building the team’s new European ABS/MBS Evaluation model and expanding Standard & Poor’s coverage of more complex securities. Mr Gonggrijp will concentrate on developing the corporate and high yield debt evaluations service.
Peter Jones, Director of European Securities Evaluations at Standard & Poor’s, welcomed these new appointments. “We are delighted that two such experienced Evaluators have chosen to join Standard & Poor’s” he said. “Our Evaluated Pricing business has seen a huge growth in demand over the last twelve months. With these appointments we will be able to reach out to more customers at the same time as providing an even more efficient, high-quality service to existing ones. Standard & Poor’s will continually look to extend its offering to the market by investing in its people and infrastructure as all our recent initiatives show.”