Fitch Ratings hired Charles Gamm as a senior director to head the rating agency’s Canada office.

Gamm,  who  previously  headed up  Moody’s Investors Service  structured finance efforts in Canada  will  be  based  in  Toronto,  and  will  focus  on working with investors,  issuers  and  arrangers  to  broaden the agency’s involvement in rating  major  corporations  and  financial  institutions  as  well  as structured finance sectors including ABS and ABCP.

Gamm was a 10-year veteran at Moody’s, with the past six years spent in its Canada office after a four-year stint in London. Before his time at Moody’s,  Gamm worked at Citigroup in Toronto, Germany and London, with a focus on commercial real estate and CMBS.

He was also the president  of  the  Canadian Chapter of the Commercial Mortgage Securities Association from 2006-2008.

Fitch now rates different corporations, financial institutions, structured  finance  deals  and  ABCP  programs  in  the Canadian market.  But,  with  the  global credit markets still recovering, investors still have an increased interest in more information and  perspective  from  Fitch  on  a  broader  number  of  companies and transactions.

"Fitch  is  very  pleased  to  bring  someone  of  Charles’  skill  set, background  and  perspective on board," said Doug Murray, group managing director  and  global head of structured finance business development at Fitch.  "Charles’  addition  reflects  Canada’s position as an extremely
important  player  in  the  global capital markets and our commitment to increase Fitch’s presence in this region."

‘Fitch provides investors and other market participants with the highest quality  and  most  transparent research and analytics combined with the greatest  level  of  analyst  accessibility,’ said Peter Jordan, Fitch’s global  head  of business development. "I am confident that Charles will use his previous rating experience to increase the market’s awareness of Fitch  by  offering  his  perspective  on  a  wide  array of issuers and transactions."

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