Fitch Ratings has reorganized its European structured finance team because Chris Hillard, head of commercial-mortgage-backed securities, quit to join Goldman Sachs. In the reshuffle, Huxley Sommerville, head of synthetic CDOs, takes Hillard's former role and Fitch has hired Richard Gambel, head of credit for Bank of Montreal-owned Links Finance, to fill Sommerville's shoes, according to Kenneth Gill, head of CDOs in London.
Gambel worked at Duff & Phelps before leaving for Bank of Montreal shortly after the Fitch takeover, said Gill.
