Steve Heller has joined Andrew Davidson & Co., Inc., a company which provides consulting services and risk analytics for fixed-income investors, with an emphasis on mortgage and asset-backed securities. Heller will be responsible for the development of the option-adjusted spread models for ARMs, Fixed Rate MBS and CMOs. He comes to the company from Analytic Aid, an independent consulting firm that developed software for use in analyzing pools of mortgages and other assets. As President of Analytic Aid, he built highly customized underwriting, pricing, valuation and securitization models for a number of investment companies and banks. Prior to Analytic Aid, Steve worked at Merrill Lynch for 12 years as vice president of mortgage finance and then as a director. While he was director, Heller managed structured finance analytics for residential and commercial mortgage finance.
The law firm of Thacher Proffitt & Wood is expanding its international securities and cross-border finance practices with the addition of Walter G. Van Dorn, Jr. as a partner, and the promotion of Deirdre A. Dillon, Maria M. Livanos and Kathleen A. Wechter as counsel to the firm. The firm has significantly increased its worldwide presence recently, including opening an office in Mexico, and Van Dorn will assist in continuing to expand the firm's services in the burgeoning South American market, as well as in Europe and Asia.