Mark Adelson, formerly head of ABS research at Nomura Securities International, has been appointed as managing director, chief credit officer at Standard & Poor's.
Adelson will be responsible for leading criteria definition and governance as well as for ensuring the independence and standardization of criteria setting. He will oversee the development of criteria that is consistent with S&P's risk framework. Adelson will co-lead with the chief quality officer to ensure consistency of quality assurance across business units and will chair the analytics policy board and join the policy governance group.
Adelson was a managing director and spearheaded Nomura's structured finance research efforts. Before Nomura, Adelson had worked at Moody's Investors Service for 91/2 years where he had been an MD in the MBS, ABS, and ABCP areas, according to market sources.
Prior to Moody's, Adelson practiced law with Thacher Proffitt & Wood, where he began his securitization career as an MBS lawyer.
