KBRA promotes 2 executives within structured finance business
KBRA announced multiple personnel moves on Monday.
The ratings agency and observer of the securitizations market for automotive and other industry segments said Rosemary Kelley has been named head of structured finance business development.
In this newly created role, the company said Kelley will lead KBRA’s business development effort for the ABS, CMBS, and RMBS sectors.
The company highlighted Kelley brings a wealth of industry experience that will serve to strengthen KBRA’s leadership position in structured finance and position it for future growth. In addition to structured finance, she will also cover transportation and project finance.
Kelley joined KBRA in 2011 as co-head of U.S. ABS, where she played a leading role in the development and implementation of the firm’s ABS methodologies and ratings and lead the firm’s analytical efforts in consumer ABS, prior to her appointment to global head of ABS in July 2019.
Kelley’s financial services career spans more than 25 years, having worked across a number of positions at DBRS, MBIA Insurance Corp., and Deutsche Bank, among others.
Kelley is an active member of the Structured Finance Association and previously served on its board of directors.
KBRA then announced that Eric Neglia will succeed Kelley as global head of ABS.
In his position, Neglia will be responsible for all facets of KBRA’s ABS analytical effort, including credit rating methodologies, rating assignment processes, and surveillance.
Neglia has served as KBRA’s head of consumer and commercial ABS since July, and prior to that led the organization’s Consumer ABS effort.
Over his eight-year tenure, the company highlighted Neglia has made significant contributions to enhancing KBRA’s ABS analytical efforts in regard to both existing and emerging asset classes, while maintaining the transparency and timeliness for which the firm is recognized.
Prior to joining KBRA in 2015, Neglia was head of operational risk management at MasterCard Worldwide and also spent 15 years at MBIA Insurance, where he underwrote consumer ABS transactions.
As part of the management changes, the company said senior managing director of business development Jason Lilien will maintain oversight of KBRA’s growing structured credit and CLO business development efforts.
Lilien also leads other business development efforts across numerous corporate, financial, and government units including banks, asset managers, BDCs, corporates, insurance and funds.
Prior to joining KBRA in 2018, Lilien spent 14 years at Goldman Sachs, across both the investment banking and sales & trading divisions.
Lilien and Kelley report to Dana Bunting, co-head of global business development and Neglia reports to Eric Thompson, global head of structured finance ratings.