DBRS hired Mike Babick for its structured finance group as a senior vice president effective Nov. 1.
Babick will focus his efforts in the ABS group as a lead analyst. Prior to DBRS, the new hire worked at Assured Guaranty Corp., most recently as a managing director in the consumer ABS group where he originated and analyzed consumer ABS securitizations in the auto finance and credit card sectors.
He reports directly to Claire Mezzanotte, head of the US and European ABS, RMBS and covered
Prior to Assured Guaranty, he worked for eight years at Ambac Assurance Corp. as a lead analyst for all non-mortgage consumer ABS transactions including retail auto loans and leases, rental fleet, dealer floorplan, and credit card securitizations.
Before Ambac, Mike worked at Fitch Ratings, Metropolitan Life Insurance Co. and Chase Manhattan Bank. He has extensive experience in credit analysis across a variety of sectors.