New York, October 7th / PRNewswire / — Today, it was announced that Kylie Duff has been appointed as Managing Director and Head of Global Risk Retention and Structured Credit Capital Solutions.
In line with the company's focus on continuously providing customized capital solutions to clients, Duff will be responsible for leading Nearwater in the market-leading risk retention business in the field of global securitization products and building its strategic risk transfer platform. Duff will also work closely with Nearwater's liquidity market and capital market business to further expand the financial resource solutions provided to clients. This strategic risk transfer platform is committed to helping bank clients manage regulatory capital, risk-weighted assets, and centralized credit exposures.
Managing Partner James Peterson stated: "The appointment of Kylie reflects Nearwater's ongoing investment in talent, capabilities, and infrastructure to address the increasingly complex capital challenges faced by leading global financial institutions and credit market participants. Our clients choose Nearwater because we are able to combine capital, structural design, regulatory expertise, and execution capability. Kylie has extensive experience in structured financing and maintains broad connections with the global asset management and investor community, which will help us further solidify this leadership position and build a differentiated, scalable platform in the areas of risk retention and strategic risk transfer."
Before joining Nearwater, Duff worked at Morgan Stanley, where she most recently served as the head of Capital Markets for Structured Companies in North America. In this role, she was responsible for initiating, structuring, and distributing transactions worth nearly $180 billion, involving over 350 CLO. She was also in charge of managing relationships with leading asset management firms and institutional investors, as well as developing customized financing strategies for corporate clients. During her 18-year tenure at Morgan Stanley, Duff worked in both New York and London, covering the ABS, CLO, CMBS, and RMBS markets in the United States and Europe.
Duff indicates that: "The platform of Nearwater is centered around innovation and professional capabilities. The company has already become an outstanding capital solutions partner for large banks, asset management institutions, and initiators. I look forward to expanding its existing risk retention business scope, building its risk transfer business, and leveraging the flexible and creative capabilities of Nearwater to find new solutions for customers."
Duff will be responsible for the business and operational models of these two services, including coverage of senior clients and initiators, design of transaction structures, communication with investors, and distribution. She will also recruit and lead a dedicated team to support the continuous growth of the platform.
The appointment of Duff follows the recent addition of two other senior executives to Nearwater's risk retention financing team.
Reggie Fernandez joined as a managing director, possessing over 20 years of experience in structured financing in the capital markets and trading fields. He recently serves as a managing director at Natixis and is responsible for the securitization product syndication business. Fernandez holds a degree from New York University's MBA School of Finance, as well as a Bachelor of Arts degree from the Wooster College.
Kevin Sorgi has joined the company's New York office as a Managing Director, responsible for the RMBS business coverage. He possesses over 16 years of experience in structured financing and has deep expertise in residential mortgage securitization and capital markets. Sorgi has previously served as an Executive Director in JPMorgan Chase's Global Securitization Products Group, Vice President of Citigroup's Global Securitization Markets Group, and as an analyst in Deloitte Touche Tohmatsu's Securitization and Transaction Services Group. He holds a Bachelor of Science in Finance and Business Administration from Loyola University Maryland.
About Nearwater
Nearwater is a mature leader that develops and provides innovative, customer-oriented capital and asset-backed financing solutions for global leading banks, asset management institutions, sponsors, and original funders. Through its integrated risk retention solutions, liquidity markets, and capital market services, Nearwater combines flexible capital, market expertise, structural design capabilities, and regulated infrastructure to help clients meet their financing, liquidity, balance sheet, regulatory capital, and risk transfer objectives. Nearwater Capital Markets, Limited is registered as a securities-based swap dealer with the U.S. Securities and Exchange Commission, and Nearwater Capital Markets Europe, Limited is an investment company regulated by the Central Bank of Ireland.











