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Kim Slawek, group managing director and head of European structured finance at Fitch Ratings, has left the team to lead a new global drive by the rating agency in credit derivatives.
She has been replaced by Huxley Somerville, who previously ran Fitch's European residential and commercial mortgage backed securities (RMBS and CMBS) teams.
A spokesperson at Fitch in London declined to divulge any details of Slawek's new job -- a sensitivity that hints the agency has substantial ambitions to grow this part of its business. The move comes six months after Fitch bought ValuSpread, a credit derivative pricing data service, from Lombard Risk Management.
Fitch's choice...