S&P announces management changes

Standard & Poor's has tabbed Managing Director Richard Gugliada to head a new global analytics team the rating agency is creating. Managing Director Patrice Jordan will assume Gugliada's responsibilities as head of the CDO group, encompassing derivatives and market value ratings as well as CDOs. Rosario Buendia will take over Jordan's duties as head of ABS, MBS and new assets, within the structured finance group.