Richard Gambel, head of the synthetic collateralized debt obligation group at Fitch Ratings in London, has left the agency. He could not be reached and it could not be immediately determined if he has taken a new position.
Gambel's boss Kenneth Gill, managing director in structured finance, was traveling and could not be reached and Shaun Baddeley, senior director in the group, declined comment on the reason for the departure or on a replacement. Julian Dennison, spokesman, said the position is expected to be filled shortly. Gambel joined Fitch in 2003 from the Bank of Montreal-owned Links Finance and has overseen the launch of initiatives such as stability scores for synthetic CDOs.
Separately, Fitch this week confirmed it has bought the analytics business of Reoch Credit, a London-based credit derivatives consultancy. As part of the acquisition, Reoch's head quantitative analyst James Wood has joined Fitch, along with five of his team.
