Moody's Investors Service has made three additions to its London-based structured finance and insurance teams. Andrew Farr, the agency's in-house recruiter for the structured finance group, says the new structured finance hires are in response to increased deal flow in the sector. He adds that the group, which is now 87-strong, should break the 100 barrier this year. "Our numbers are swelling," he says, noting that the most recent additions have been to the commercial mortgage-backed securities group and the structured investment vehicle group.
Patrick Cusk, formerly an associate with Clifford Chance's securitization team in London, has joined Moody's structured investment vehicle group as an analyst. Ifigenia Palimeri, previously a manager with Ernst & Young's real estate group in New York, has moved to London to join Moody's CMBS team.
In addition to the structured finance hires, Moody's has added Duncan Rawson, formerly an insurance and financial institutions analyst at Banc of America Securities in London, to its insurance team. Rawson's spot is newly created to meet the anticipated growth of the business, says Mark Hewlett, managing director of insurance for Europe. Two more hires for the team are on the cards, but these two will replace analysts who have departed.