Two more Standard & Poor's executives whose respective roles have included oversight of mortgage-backed securities ratings are leaving the company, possibly as part of an ongoing reorganization, according to a recent Wall Street Journal report.
According to the Dec. 29 report, Vickie Tillman, who has been an executive vice president at the company, has been in talks about a departure. Also the report indicated Joanne Rose, who had worked in S&P's structured finance operations in the past, was slated to leave this month.
A spokesman for S&P would not comment.
The company said in a press release earlier last month that it has been reorganizing. Among those whose positions have changed as a result of the reorganization are chief credit officer, Mark Adelson, who was a veteran mortgage-backed securities and structured finance analyst. His position is now, instead, senior research fellow. Also S&P's global head of structured finance, David Jacob, left at the end of last year.
S&P is searching for someone to fill a new chief risk officer position it is creating as part of the company's restructuring. The company has had a risk committee but not previously had a CRO, per se, the spokesman said. Rose has served on the risk committee.
