S&P bolsters fund management expertise
(27 July 2005 – Australia) Ratings agency Standard & Poor’s has strengthened its fund management expertise with two new appointments.
Former manager of National Australia Bank’s Property Risk division, Peter Ward, has joined S&P as an associate director with primary sector responsibility for its property and mortgage funds.
Ward also worked as Credit Operations manager at AXA Australia.
Simon Scott has also joined S&P as an associate director with primary responsibility for structured products. Before joining S&P Scott worked on development and analysis of alternative investment strategies in the CDO and Structured Credit market.
S&P head of Fund Ratings, Mark Hoven, said the appointments provided the firm asset class expertise and skills to support and enhance its core research efforts on managed funds.
"These additions build upon the expertise we inherited from our acquisition of ASSIRT earlier this year," he said.
"Peter’s appointment gives Standard & Poor's Fund Ratings group the foundation to significantly build out its coverage in locally offered property funds, particularly direct and global property," Hoven said.
"Simon has been actively involved in developing Standard & Poor’s new approach to rating structured products for the retail market. We have had excellent feedback from the market on these enhancements, and we will begin applying this new approach in rating future structured product offerings as they come to market," he said.
Ward also worked as Credit Operations manager at AXA Australia.
Simon Scott has also joined S&P as an associate director with primary responsibility for structured products. Before joining S&P Scott worked on development and analysis of alternative investment strategies in the CDO and Structured Credit market.
S&P head of Fund Ratings, Mark Hoven, said the appointments provided the firm asset class expertise and skills to support and enhance its core research efforts on managed funds.
"These additions build upon the expertise we inherited from our acquisition of ASSIRT earlier this year," he said.
"Peter’s appointment gives Standard & Poor's Fund Ratings group the foundation to significantly build out its coverage in locally offered property funds, particularly direct and global property," Hoven said.
"Simon has been actively involved in developing Standard & Poor’s new approach to rating structured products for the retail market. We have had excellent feedback from the market on these enhancements, and we will begin applying this new approach in rating future structured product offerings as they come to market," he said.
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