KBRA Announces Changes to Asset-Backed Securities Group

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce four senior personnel changes in our New York office.

Anthony Nocera, co-head of the Asset-Backed Securities (ABS) Group, has decided to transition to a senior advisory role at KBRA. Nocera, who joined the company in September 2011, will continue to support the ABS team in his role as senior advisor over the next six to nine months, focusing on nontraditional ABS assets. Prior to joining KBRA, Nocera worked at Ambac Assurance, where he managed a portfolio in excess of $12 billion, and at Standard & Poor’s, where he rated Commercial Asset ABS. Before that, he was a relationship manager at Fleet Bank (now Bank of America), covering specialty finance companies.

In addition, KBRA has named Rosemary Kelley as head of the ABS Group, effective immediately. Kelley, who was co-head of the ABS Group along with Nocera, will now assume responsibility for both consumer and commercial asset classes. In their eight years as co-heads of the ABS Group, KBRA has rated over 400 transactions and over $172 billion in issuance.

Prior to joining KBRA, Kelley worked at DBRS, where she rated Consumer ABS transactions. Before that, she spent 10 years at MBIA Insurance Corporation in various roles, including originating Consumer ABS transactions and managing MBIA’s portfolio management unit responsible for monitoring and workouts in Consumer ABS.

KBRA also announces that Cecil Smart, Jr. and Eric Neglia have been appointed to lead the Commercial ABS and Consumer ABS teams, respectively, and will both report to Kelley.

Smart has been with KBRA since 2014 and focuses on esoteric and renewable transactions, including residential and commercial solar, PACE, broadcast television rights, and mortality-linked assets. Prior to joining KBRA, he was a vice president at DZ Bank specializing in structured credit transactions for nontraditional assets and new entrants to the capital markets.

Neglia has been with KBRA since 2015 and has been working across all Consumer ABS transactions, including auto loans and leases, unsecured consumer loans, solar loans, credit card receivables, student loans, as well as small business loans/merchant cash advance ABS. Before joining KBRA, he was head of operational risk management at MasterCard Worldwide and spent 15 years at MBIA Insurance Corporation underwriting Consumer ABS transactions.

The ABS market has come to rely on the expertise and experience of KBRA’s ABS Group. KBRA looks forward to continuing our mission of providing investors with timely and thorough analysis and research.

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About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

Contacts

Kate Kennedy, Senior Managing Director

(646) 731-2348

[email protected]

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