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Fitch Ratings Expands Canada Presence by Adding Senior Analysts.

Toronto: Fitch Ratings is pleased to announce the appointment of five senior analysts in its Toronto, Canada office. These appointments across the major sectors of infrastructure, structured finance, financial institutions, and corporate finance further support the growth and commitment of Fitch to the Canadian market.

Mario Angastiniotis joins Fitch's Global Infrastructure and Project Finance team in Toronto. Michael Buzanis joins Fitch Ratings' North American Structured Finance Group. Foster Cheng joins Fitch's North American Financial Institutions Group in Toronto with a focus on North American Banks and other Financial Institutions. Brad Jarman joins Fitch's North American Corporate Finance where he will focus on the Industrial and Transportation sectors. And lastly, Michael Ruggirello joins Fitch's North American Corporate Finance team where he will focus on Canadian and U.S. Midstream and Utility sectors.

"We are delighted to be adding a strong local analytical presence to our business in Canada," said Andrew Smitiuch, Managing Director and Head of Fitch Ratings Canada. "The addition of such well-established and experienced analysts across a range of sectors demonstrates our long-term commitment to developing and expanding our footprint in Canada and serving investors and market participants in this core region."

Angastiniotis was a director with S&P Global for 15 years where he focused on infrastructure and public finance. His portfolio included coverage of Canadian Provinces, toll roads, public-private partnerships (P3s), airports and ports. More recently, he was a director with the Ontario Financial Accountability Office's Economics and Fiscal Policy group. Prior to S&P Global, Mario was senior fixed income analyst at MMS International. He brings extensive knowledge of the Canadian market to Fitch's growing public finance and infrastructure portfolio. Mario will focus on Canadian and U.S. based infrastructure transactions and public finance.

Buzanis has nearly 25 years of securitization experience including extensive rating agency experience after six years with Moody's Investor Service and one year with DBRS. At both rating agencies, Michael led the structured finance teams in Canada. In addition to this, he was with TD Securities where he focused on structured finance transactions across all asset classes. At Fitch, Michael will focus on the Canadian market while supporting cross border and U.S. originated transactions.

Cheng brings 10 years of experience from S&P Global where he covered Global Financial Institutions and Insurance companies. More recently, he was with GLC Asset Management where he was a Manager of Fixed Income research and investment analysis across a number of sectors including banks, insurance, and corporates. Foster was also with Ontario Teachers' Pension Plan in the Credit Risk Group and TD Securities in Debt Capital markets.

Jarman was previously with Scotiabank Global Banking & Markets for 12 years in Toronto and London, UK. He has experience in Corporate Banking across a broad range of sectors including manufacturing, transportation, automotive, retail and telecom. He will work closely with Fitch's international offices and bring Canadian perspectives to corporate credits.

Ruggirello has 14 years of capital markets experience, most recently as a Global Energy Analyst with Accountability Research Corp., an independent equity research firm in Toronto. He also held Equity Research Associate positions with BMO Capital Markets and Barrington Research Associates, and was a Futures Trader at the Chicago Board of Trade.

About Fitch Ratings

Fitch Ratings is a leading provider of credit ratings, commentary and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. The additional context, perspective and insights we provide help investors to make important credit judgments with confidence.

About Fitch Group:

Fitch Group is a global leader in financial information, providing critical insights that inform better decision-making in financial markets. A unit of Hearst, Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit intelligence and the primary distributor of Fitch Ratings content; and Fitch Learning, a training and professional development firm specializing in regulatory and certification exam training, professional skills development, and blended e-learning solutions.
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Publication:Daily the Pak Banker (Lahore, Pakistan)
Geographic Code:1CONT
Date:Mar 9, 2019
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