Fixed income products and services vendor Fitch Solutions has added a new member to its management team in a bid to boost its standing in the US markets in the form of ex-Credit Market Analysis (CMA) global head of sales Peter Vitale. Vitale joins as Fitch Solutions’ new head of third party distribution and partnerships for the Americas.
Vitale will be based in New York and will be responsible for the strategic development of new and existing third party relationships and partnership contracts in the Americas region. He will report to Ian Rothery, Fitch Solutions’ global head of third party distribution and partnerships, based in London.
During his almost three years at CMA, Vitale was vice president and global head of sales. Rothery has high hopes for Vitale in the vendor’s efforts to crack the US: “Peter’s regional expertise and extensive experience of both the credit default swap (CDS) market and the structuring of distribution and partner deals will be a key asset for us and underscores Fitch Solutions’ commitment to being a leading market data vendor.”
Prior to CMA, Vitale worked for the GFI Group as head of North American sales for four years and prior to that he was vice president of sales at electronic marketplace eSpeed.
Fitch Solutions, which is a division of the Fitch Group that acts as a distribution channel for Fitch Ratings content as well as other data and analytics solutions, has been upping its game progressively over the last couple of years to extend its fixed income and complex assets coverage. In September last year, the vendor added yet more functionality to its valuations portfolio with the addition of CDS of asset backed securities (ABS) broad market indices for US subprime assets, for example.