Eric Neglia has been named global head of KBRA’s expanding funds ratings business, while Thomas Speller has been appointed global head of fund finance, and will continue to lead KBRA’s European funds business.
William Cox, KBRA’s global head of corporate financial, and government ratings, said, “Eric’s decades of experience in asset-backed securitizations injects important analytic thought leadership into our 50+ analytical team dedicated to funds ratings—particularly now as the private credit industry marches aggressively toward asset-backed lending strategies. His management and analytical experiences make him a perfect fit to lead KBRA’s rapidly expanding Funds Ratings business and its hundreds of rated transactions.
“Tom Speller is not just KBRA’s Fund Finance leader—he is a thought leader for the whole market’s increasing use of credit ratings in both NAV financings and subscription lines.”
Neglia was previously the global head of ABS where he was responsible for KBRA’s ABS analytical effort, including credit rating methodologies, rating assignment processes, and surveillance. He previously served as KBRA’s Head of consumer and commercial ABS, and prior to that led the organisation’s consumer ABS effort.
Prior to joining KBRA in 2015, Neglia was head of operational risk management at MasterCard Worldwide and also spent 15 years at MBIA Insurance Corporation, where he underwrote consumer ABS transactions.
Speller is a managing director and more recently the head of European funds at KBRA UK. Speller joined KBRA in 2021 and focuses on the rating of fund finance transactions including subscription lines and NAV loans.
Prior to joining KBRA, Speller was an executive director at Goldman Sachs International, where from 2006 he worked as a credit risk analyst covering a variety of industries and products, with a particular focus on the funds industry, including private equity funds and hedge funds, as well as structured lending.
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