Lewtan Technologies announced a series of enhancement to the firm's ABS surveillance and analytics platform today. Among these changes is the expansion of Lewtan's credit surveillance and data analysis team.
The group is currently headed by Brad McNamee, vice president of modeling and business analytics, and is located primarily in the Waltham, Mass. office. Several team are also located in the London office.
In addition to the new hires, the company has also made its ABSNet data available in bulk download format.
This service provides independent verification mechanisms to identify outliers in third party ratings and evaluated prices. This independent mark-to-market data is required under FAS157, and is now more critical than ever as firms look to identify good trading opportunities in distressed debt or to value their holdings, Lewtan said in a release today.
"During these turbulent times, customers look to their partners to offer them products and services, as well as education and expertise," said Ned Myers, chief marketing officer and vice president of product strategy. "The combination of this team and the expansion of Lewtan's products and services are simply a reflection of the depth and breadth of Lewtan's industry expertise."