Markit Group, the credit research and pricing service, has made a trio of hires to support the launch of the ABX and CMBX indices. Ben Logan, ABS product manager, said the firm has made the hires to both help build out the indices and to market them to buy- and sell-side clients. Nathan Kirk, previously a salesman at Barclays Capital, comes on board as head of European ABS, responsible for managing its pricing service and sales to European clients. Keith Corr joins in New York from Dresdner Kleinwort Wasserstein to manage the ABX and CMBX indices. Logan said Markit has also added a junior analyst, Nick Fusco.
The ABX index launched last month (DW, 1/27) and the CMBX, referencing AAA-rated U.S. commercial mortgage-backed securities, is set to follow later this month (DW, 1/13).
