In attempts to keep on top of the game with an ever-growing asset-backed securities market, Moody's Investors Service has made some changes. Michael Kanef will assume the position of managing director. In his new position, Kanef will work closely with Linda Stesney, who will also be taking on responsibilities for the Latin American Finance team.
Addionally, Jay Eisbruck will now be responsible for the consistency in the rating committee process and he will also direct a team of rating analysts that will focus on esoteric assets. Andy Silver will also head up a new research team that will focus on refining existing rating methodologies to reflect the changing marketplace. Silver will develop new approaches to assets and structures within Moody's.