James Savitsky and Thomas Geraghty were hired as directors at Markit Group, which provides data, portfolio valuations and over-the-counter derivatives trade processing to 1,000 institutions. Mr. Savitsky will coordinate global asset-backed securities sales, including distribution of data and analytics services for the structured finance markets. Mr. Geraghty is joining Markit's North American structured finance product development team and will focus on data and modeling of structured securities. Mr. Savitsky was head of sales and business development for commercial mortgage-backed securities at Trepp, a provider of information, analytics and technology for CMBS and commercial mortgages. Andrew Leibman, senior vice president for Trepp's sales, marketing and customer support, said he will assume Mr. Savitsky's responsibilities. Mr. Geraghty was managing director at Wall Street Analytics, now owned by Moody's Investor Services. Moody's spokesman Luis Amador did not say at press time who is replacing Mr. Geraghty.
Abe Riazati was promoted to managing director of investment risk management at Evergreen Investments, said Laura Fay, an Evergreen spokeswoman. He is replacing Glen Insley, who will retire. Mr. Riazati will report to Richard Gershen, executive managing director of business management strategy. Mr. Riazati was head of the quantitative risk group; that position was restructured and a search to hire two replacements that focus on equities and fixed income is under way.