Standard & Poor's appointed David Jacob as executive managing director and head of structured finance ratings reporting to Vickie Tillman, executive vice president at the rating agency.

In his new position, Jacob will have oversight responsibility for all of S&P's Structured Finance operations. He replaces Tillman, who has been acting head since January when Joanne Rose became executive managing director for risk and quality policy at the firm.

The new hire was previously at Nomura Securities International where he headed up the structuring department and was later managing director and head of international fixed-income research.

At JPMorgan, Jacob was managing director, head of fixed-income research, and before that served as vice president, head of quantitative analytics at Morgan Stanley.

Most recently, Jacob was a principle with Adelson & Jacob Consulting. He started his career as an analyst at Moody's Investor Service and Equitable Life Assurance.

"I'm thrilled that David is joining S&P to run our structured finance ratings group," said Tillman. "He is an outstanding analyst with a deep understanding of the structured finance markets, and his appointment further strengthens our deep and talented global management team. David will provide strong leadership and strategic direction to the structured finance business, and he will play an integral role in our ongoing efforts to improve transparency, build investor confidence, and continue to deliver high-quality, independent analytics."

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