Standard and Poor's office in Madrid, Spain has welcomed Jose Ramn Tora earlier this month. Tora recently moved from his New York-based position as director of structured finance for Latin America to join a pool of analysts looking into European transactions. In his new position, Tora will be primarily focusing on Spain and Portugal. Leo Brand will be filling the open director of Latin American structured finance position. Brand, formerly an analyst in the risk solutions group, will be reporting to Rosario Buendia.