Raft International, a UK company which supplies risk management applications to the energy trading markets, has appointed Deborah R. Brackett as Chief Operations Officer for its Global Energy Credit Risk division.
“Deborah brings over 20 years of experience in the energy commodities business and 13 years experience in the Energy Credit Sector,” says David Priestley, Executive Chairman of Raft. “Her detailed understanding of the development of Energy Credit risk systems coupled with her comprehensive industry knowledge, will enable us to continue to respond rapidly to the needs of our growing client base.”
Brackett comes to Raft from UBS AG in Stamford where she was a Director in Credit Risk Control with responsibility for the development of credit risk systems to support the Energy Trading desk as well as working closely with the operations units to develop business management solutions for financial products and regulatory initiatives.
Prior to joining UBS in 2002, Brackett held positions as manager, director and senior director for the Global Risk Assessment and Control Group at a global energy company, responsible for global risk systems development and operations supporting commodity trading activities.
Brackett began her career in the Atlanta, Georgia field accounting office for Tenneco Oil Company in 1978 supporting the wholesale refined products business. She was transferred to the head office in Houston Texas in 1987 where she managed and coordinated credit issues for the refining and marketing division, and later for the company’s Gas Liquids unit until the company’s sale in 1992.
Raft’s products include Raft Credit, a credit risk management application that is used by energy traders to help them to meet the new reporting requirements of the regulators, rating agencies and the Committee of Chief Risk Officers (CCRO). Raft Radar is an operational risk and operations management solution that is used to manage operational risks, improve operational performance and comply with Basel II and Sarbanes-Oxley regulatory requirements.