Standard & Poor’s Ratings Services has hired Darrell Wheeler, a former commercial mortgage-backed securities (CMBS) strategist with Amherst Pierpont Securities, as the head of research for Global Structured Finance.
Wheeler started this week, taking the place of Howard Esaki, who retired and left the firm at the end of March.
Based in New York and reporting to executive managing director James Wiemken, Wheeler will work with an existing research team “identifying opportunities for research commentaries and market analysis across all structured finance asset classes,” including CMBS, asset-backed securities (ABS) and residential mortgage-backed securities (RMBS), a company spokesperson said.
At Amherst Pierpont Securities Wheeler led CMBS strategy and modeling initiatives from the firm’s New York office. He was previously a managing director with Citigroup’s Global Corporate and Investment Bank and global head of securitized strategy and analysis, managing the firm’s ABS research team and serving as lead CMBS strategist.
“Darrell is a seasoned securitization industry veteran and we look forward to working with him as S&P further strengthens its research, data, and analytics to deliver timely credit insights to global market participants,” Wiemken said.
While the structured finance research team is independent from the rating process, its research and commentary complements the work of the structured finance ratings groups and adds “in-depth structured finance research for the investor community,” according to S&P.