PF2's professionals have extensive experience analyzing structured finance securities, especially structuring, rating and investing in Collateralized Debt Obligations (CDOs).
Below follows a brief description of our senior members:
Guillaume Fillebeen is a director at PF2. Prior to joining PF2, Guillaume was part of RBS Greenwich Capital's credit markets department, where his responsibilities included a wide range of underwriting activities relating to the issuance of corporate and ABS CDOs. He began his structured finance career at Moody's Investors Service, where he was primarily responsible for the modeling of cash and synthetic credit derivatives. He has written extensive research spanning the CDO spectrum, and has co-authored several regulatory submissions, including to European Commission’s public consultation on credit rating agencies, to the SEC in respect of the Dodd-Frank Act and to the FASB in respect of FSPs FAS 115-a, FAS 124-a and EITF 99-20-b. Guillaume holds a BA degree in mathematics from Washington University in St. Louis.
Gene Phillips is a director at PF2. Gene joined PF2 from the buy-side within Citigroup Alternative Investments' Fixed Income Alternatives division. Gene began his structured finance career in the Derivatives group at Moody’s Investors Service. He has written extensive research on items ranging from corporate and trust preferred CDOs to leveraged loan covenants and the topic of rating agency reform. His research and commentary has received numerous press citations in publications such as The Financial Times, New York Times, Wall Street Journal and BusinessWeek. Gene holds a BSc degree in mathematics and applied mathematics, with distinction, and a BSc Hons degree in the Advanced Mathematics of Financial Derivatives, from the University of the Witwatersrand in South Africa.
Below follows a brief description of our key consultants:
Mark Froeba has 16 years of experience in structured finance, most recently as senior vice president and CLO team leader with Moody’s Derivatives Group. He is best known for his work on the development of Moody’s CLO rating criteria, including the PDR-LGD initiative. Mark started his career in structured finance at Skadden, Arps Slate, Meager & Flom LLP as a tax lawyer analyzing issues in structured finance transactions, with a primary focus on credit card securitizations. He holds a bachelor’s degree, summa cum laude, from St John’s University in Minnesota, and a law degree, cum laude from Harvard University. Mark is a member of the bar in both New York and Illinois.
Eric Kolchinsky has close to 15 years of experience in structured finance. His consulting experience includes the National Association of Insurance Commissioners as well as the Office of the Commissioner of Insurance of the State of Wisconsin. In both cases, he is responsible for setting methodologies and overseeing the valuation of structured finance securities. Previously, he served as the head of structured finance methodology and quality assurance for Moody’s Analytics, COO of an evaluated pricing company and head of US ABS CDOs for Moody’s Investors Service. He has also worked at Lehman Brothers, Goldman Sachs, Merrill Lynch and MBIA in their structured finance groups. Eric holds a law degree from NYU, an MS in Statistics from NYU’s Stern School of Business and a BS in Aerospace Engineering from USC.
Stu Levin brings both financial and technical expertise to PF2. He has over 12 years of experience in the consulting industry at companies including Accenture and Sapient, as well as both sell-side and buy-side experience at boutique investment banks. Stu holds a bachelors degree in electrical engineering from the University of the Witwatersrand in South Africa and an MBA (Finance) from the Rady School of Management at the University of California, San Diego.
Rick Michalek is a consultant to PF2. He has worked in structured finance since graduating from Columbia University with a joint graduate degree in law (honors) and business (JD/MBA) in 1993. Rick began as a structured finance associate in the New York office of the law firm Skadden Arps, after which he consulted for the pre-eminent New Zealand law firm Chapman Tripp. Returning to the U.S. in 1999, Rick worked until December 2007 in Moody's Derivatives Group, where as a Senior Credit Officer his responsibilities included analyzing novel legal risks associated with new products and developing a methodology for rating collateral managers. Since leaving Moody's he has provided legal and financing services primarily through RJM Consulting.