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Steven Hess
Senior Vice President  
Anne Van Praagh
Managing Director
Elena Duggar
Group Credit Officer  

Financial Institutions
David Fanger
Senior Vice President  
Mark LaMonte
Managing Director - CCO  
Managed Investments
Yaron Ernst
Managing Director  
Daniel Serrao
SVP - Team Leader  
U.S. Public Finance
Gail Sussman
Managing Director
Naomi Richman
Managing Director
Anne Van Praagh
Managing Director - CCO  

Structured Finance

Jonathan Polansky
Managing Director

Nicolas Weill
Managing Director - CCO  
Corporate Finance

Mark Gray
Managing Director
Dan Gates

Managing Director - CCO  

U.S. Infrastructure
William Coley
Senior Vice President  

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United States in Focus


  • 14 Dec 2015
    • Likely Fed Rate Hike Reflects Strength of US Recovery, But Exposes Some EM Sovereigns to Volatile Capital Flows
      An interest rate hike by the Federal Reserve this Wednesday would reinforce our view that the US economy is on track for above-trend growth, with a cyclical peak likely in 2016. Action by the Fed would not significantly affect other developed countries’ interest rates or currencies. However, risks will remain for some emerging market countries, particularly those that rely on foreign investors to meet their operating and capital financing needs... Full Report
  • 26 Oct 2015
    • Failure to lift US debt ceiling next week does not imply US debt default
      We expect that an agreement to raise the debt limit will be in place before the current extraordinary measures are exhausted, and, if not by then, certainly before November 15, when the Treasury is scheduled to make interests payments of $35 billion. If an agreement is still not in place by this time, the government could delay other expenditures to ensure it has enough cash to pay bondholders… Full Report​​
  • 7 Oct 2015
    • US Aaa rating supported by diverse economy, politics lend uncertainty
      The rating is underpinned by a variety of credit strengths, including a strong record of GDP and productivity growth, the US dollar’s role as global reserve currency and the benchmark status of US Treasury bonds, all of which enable the country to support a higher level of debt relative to other sovereigns. However, the contentious political process injects uncertainty, as reflected in the recent possibility of a partial government shutdown on 1 October 2015…Full Report

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