Credit Benchmark has appointed Craig Broderick, former chief risk officer (CRO) of Goldman Sachs, as the head of its new advisory board.
Broderick retired from Goldman Sachs in January 2018 after 32 years of service as CRO, though he remains as a senior director at the company.
The advisory board will provide guidance on the company’s strategy and market positioning.
Credit Benchmark publishes monthly consensus credit risk data on over 46,000 rated and unrated counterparties globally across corporates, sovereigns, financial institutions, and funds.
Donal Smith, chair of Credit Benchmark, said: “Craig Broderick brings a wealth of expertise to Credit Benchmark. His experience helping to manage Goldman Sachs’ risk over an extended and challenging period will be invaluable, and we look forward to working with him to build an advisory board that helps us develop our unique market insight.”
William Haney, CEO at Credit Benchmark, commented: “Across the buy- and sell-side, we’ve seen wide interest in our analytics, particularly for counterparty risk management and investment decision-making.”
He added: “Our clients use the consensus and sector aggregates to monitor and understand credit trends.”
