Two more Standard & Poor's executives whose respective roles have included oversight of MBS ratings are leaving the company, possibly as part of an ongoing reorganization, according to a recent Wall Street Journal report.

According to the Dec. 29 report, Vickie Tillman, who has been an executive vice president at the company, has been in talks about a departure. Also the report indicated Joanne Rose, who had worked in S&P's structured finance operations in the past, was slated to leave this month.
A spokesman for S&P would not comment.

The company said in a press release earlier last month that it has been reorganizing. Among those whose positions have changed as a result of the reorganization are chief credit officer, Mark Adelson, who was a veteran MBS and structured finance analyst. His position is now, instead, senior research fellow. Also S&P's global head of structured finance, David Jacob, left at the end of last year.

For the full ASR story published in December on these people moves within the rating agency, please click here.

S&P is searching for someone to fill a new chief risk officer (CRO) position it is creating as part of the company's restructuring. The company has had a risk committee but not previously had a CRO, per se, the spokesman said. Rose has served on the risk committee.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.