Sector developments and company hires

Lakemore has appointed Howard Tiffen as an independent member on its board of directors. With more than four decades of experience in credit, product, and portfolio management, Tiffen brings extraordinary knowledge in high yield capital markets to the firm. Tiffen has held senior credit management positions at numerous firms, including Continental Bank, Bank of America, and Van Kempen (now Invesco). Lakemore hopes Tiffen will offer exclusive insight to its business, and be able to support its business management operations as the firm seeks to continue expanding its business worldwide

In other news..

Intercontinental Exchange (ICE) has announced the launch of a new package of ESG data coverage on over 1.5 million MBS. With the new data, the firm hopes to further enhance ESG considerations across RMBS and CMBS, as it grows the ICE total fixed income coverage to more than 3 million instruments, and accounting for roughly 95% of all outstanding real estate loan volume in the US. The firm’s ESG data covers granular, geospatially linked data for RMBS, CMBS, as well as credit risk transfer and agency pools. ICE’s ESG metrics have already been incorporated into the investment decisions and risk management processes of several investors, as it enables them to compare assets across portfolios and more wisely choose securities in line with their investment strategies.