John Olert, group managing director at Fitch Ratings, has been named chief credit officer. Olert has had a 15-year stint at the rating agency and previously headed or co-headed a variety of rating groups within Fitch, including U.S. corporates and U.S. financial institutions.
Most recently Olert has been responsible for the U.S. ABS and structured credit groups. The chief credit officer's responsibilities will include ratings and criteria oversight, quality assurance, market commentary and research. Olert will report to Paul Taylor, president of Fitch.