DBRS has created the position of chief credit officer, Canadian structured finance and appointed Jerry Marriott to this role as of Dec. 1.
Marriott will join Kent Wideman, Michael Caranci and Paul Holman as part of the DBRS rating committee group.
In his new position, Marriott will be responsible for the review and validation of all new and updated methodologies used in the unit.
The role will also encompass investor education and the dissemination of DBRS approaches to the different issues and asset classes within Canadian structured finance via the delivery of educational seminars and the participation in debt capital markets conferences and events.
DBRS also appointed Jamie Feehely as managing director, Canadian structured finance effective Dec. 1.
According to the rating agency, this appointment combines Canadian structured credit and Canadian structured finance, which focusses on traditional assets, into one group under the leadership of the managing director, Canadian structured finance.
“Regulatory requirements are evolving to enforce the regular review, testing, revision and, where required, production of new rating methodologies,” says Huston Loke, DBRS president.
The Canadian ABS surveillance team will also be joining the rating committee group and will report to Marriott.
“Jerry’s experience across a broad range of asset classes makes him an excellent candidate for this role,” Loke said. “Jamie's appointment will ensure that the high level of client service and market leadership delivered by Canadian Structured Finance will continue.”
He added that, “Jamie's experience in both traditional asset classes and structured credit will make the transition to the combined group activities seamless. I look forward to continuing to work with both Jamie and Jerry in their new roles.”