Markit Group Limited, the provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets, has appointed James Savitsky and Thomas Geraghty as Directors within the company’s global Asset-Backed Securities (ABS) sales and product development teams.
Savitsky will coordinate Markit’s ABS sales effort globally, distributing the firm’s 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 firm’s CMBS platform.
Geraghty joins Markit’s 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. They will both be based in New York.
“Jim 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,” says Michael Rushmore, an Executive Vice President and Head of Sales and Marketing at Markit. “We are delighted that Jim has joined the Markit team to help shape our customer-focused vision for the future of structured finance services.”
“Tom is a valuable addition to our ABS specialist team,” adds Kevin Gould, an Executive Vice President and Head of Data Products and Analytics at Markit. “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.”