Rangemark Contacts

for general inquiries:

328 Pemberwick Road
Greenwich, CT 06831
203-861-7080
Fax: 203-531-9090 info@rangemark.com

Contacts

Robert S. Smith
Chief Executive Officer
203-861-7516
rsmith@rangemark.com

Bio

Robert Smith is Chief Executive Officer of RangeMark. Prior to joining RangeMark, he served as the Chief Executive Officer of NSM Capital Management, an advisory and asset management firm since 2006. Mr. Smith has been actively involved in all aspects of the debt capital markets for over 20 years, with particular emphasis on derivative and structured products. He was previously the President and CIO of NIBC Credit Management, Inc., an affiliate of the Dutch bank NIB Capital. NIBC is the successor company of Catamount Investment Group, LLC, founded by Mr. Smith in 2001. Managing over $4 billion in MBS, CMBS, ABS and corporate debt, NIBC is a registered investment advisor. He was previously a Principal at Mariner Investment Group, Inc. where he was responsible for CDO investing, new business and new product development. Prior to this, he was a Principal with Morgan Stanley & Co. Inc. and founder of Morgan Stanley Investor Services, where he managed a $5 billion MBS portfolio and arranged five MBS CDOs. Mr. Smith was a Senior Managing Director at Bear, Stearns & Co., Inc. and worked within that firm’s Fixed Income department for eight years. He founded and managed Bear Stearns Investment Advisors, Inc., a subsidiary specializing in MBS. BSIA managed over $3 billion within some of the earliest MBS CDOs structured in 1987. Mr. Smith received his M.A. in Economics from the University of Virginia in 1982 and B.A. from the University of New Hampshire in 1980.

Ritu B. Chachra, CFA
Managing Director
203-648-4411
rchachra@rangemark.com

Bio

Ritu Chachra is responsible for developing investment opportunities and innovative trading solutions to enhance portfolio value in structured product space. Prior to joining RangeMark, Ms. Chachra was Director at NSM Capital Management, where she was advising clients on issues related to valuation and pricing, impairment analysis, trading strategies and restructuring of their mortgage-backed and asset-backed portfolios. She has extensive experience in credit research, surveillance and analytics relating to structured finance products. Previously, Ms. Chachra was at ACA Capital, where she was responsible for development of loan-level model, asset selection and on-going surveillance to manage RMBS and ABS CDOs. Prior to this role, she worked at JPMorgan Asset Management as an ABS Credit Analyst covering non-mortgage ABS and esoteric asset classes. At JPMorgan, she also worked with the Strategic Investment Advisory Group and performed specialized asset/liability and asset allocation analyses for pension funds and endowments. Ms. Chachra holds an M.A. in Economics from University of Virginia and a B.A. from Delhi University. She is a CFA charter holder.

David C. Chiang, Ph.D.
Managing Director
203-648-4298
dchiang@rangemark.com

Bio

David Chiang is the head of Systems Development. As a system architect and model developer, his specialties are designing search engines for massive data sets and decision tools including mortgage credit analytics. Prior to joining RangeMark, Dr. Chiang served as the head of Systems Development at NSM Capital Management. Previously, Dr. Chiang was head of Systems Development for Washington Mutual Capital Markets, Senior Systems Analyst at JP Morgan and Prudential Financial Inc. He earned his Ph.D. in Mechanics and Materials Science from Rutgers University and B.S. in Chemical Engineering from the National Taiwan University.

Mark A. Gold, Ph.D.
Managing Director
203-648-4296
mgold@rangemark.com

Bio

Mark Gold is responsible for credit research as well as, model development and documentation. Prior to joining RangeMark, Dr. Gold was a Managing Director at NSM Capital Management. He was responsible for research, model development and documentation, and work design and implementation for a variety of consulting projects. Dr. Gold has 26 years of economic and financial market experience, combining significant quantitative capabilities with transaction and risk management expertise across an array of structured asset types. Prior to SCS, he spent ten years at MBIA, where he served first as a transactor and later as an underwriter across various structured finance asset classes including CLO/CDO, CRE CDO, future flow, triple-x and insurance capital relief transactions, bank regulatory relief deals, gap-risk hedge exposures, aircraft and whole business securitizations. He also supported the development of internal mark-to-market models. Dr. Gold worked nearly two years as a structurer on the credit derivative desk of Credit Lyonnais. He began his career in finance at Standard and Poor’s, where he focused on the evaluation of derivative product company risk models, including index generators for interest rate term curves and foreign exchange rates, Monte Carlo simulation systems and derivative pricing modules. He was actively involved in the rating and criteria development for structured notes involving derivatives and index-linked assets. As an economist, Dr. Gold generated inter-industry demand forecasts and customized quantitative modeling at DRI, where he played a leading role in building a telecommunications regulatory practice. Prior to DRI, he worked as a consultant, developing a variety of telecommunications demand forecasting models. Dr. Gold received his Ph.D. in Economics from New York University where was advised by Nobel Laureate Wassily Leontief. He graduated Phi Beta Kappa from the University of Michigan.

Jerry Liu
Managing Director
203-861-7477
jliu@rangemark.com

Bio

Jerry Liu is responsible for RMBS and ABS deal structuring, analytical implementation of new businesses and new strategies, credit risk assessments and projection modeling. Prior to joining RangeMark, he was a Managing Director at NSM Capital Management. Mr. Liu has extensive experience structuring and originating a variety of asset-backed securities including Home Equity, Auto and Equipment Lease, Credit Cards and Student Loans. Before joining NSM, he was with ABN AMRO where he structured a number of capital market transactions. In addition, he provided analytic support to several other ABS-related businesses including CP Conduit, Asset-Backed Lending and Market Value Swaps. Prior to this, Mr. Liu was employed with J.P. Morgan Chase, where he focused on the development of sub-prime RMBS valuation, loss and prepayment models. He was also responsible for creating asset hedge strategies used daily by traders for JPMC’s portfolio. He began his career as a quantitative research analyst at Goldman, Sachs & Co. Mr. Liu graduated from the SUNY Institute of Technology in 1998. He is a member of Global Association of Risk Professionals (GARP) and holds a Financial Risk Manager Certificate. He is fluent in Mandarin Chinese.

Zhengyuan Lu
Managing Director
203-861-7515
zlu@rangemark.com

Bio

Zhenguyan Lu is responsible for Capital Markets and Business Development. Prior to joining RangeMark, Mr. Lu was a Managing Director at NSM Capital Management in a similar capacity. He has 16 years of experience in structured finance products. Before joining NSM, Mr. Lu was Managing Director and Head of Structured Products at Keefe, Bruyette & Woods, where he was in charge of structuring and trading of all structured transactions. He was a senior investment banker with Fortis Securities and WestLB AG, where he originated and structured a variety of structured products including ABS CDOs, CLOs, CSOs and TRS in both cash and synthetic forms. Mr. Lu has also spent five years in the financial guarantee industry, first with MBIA and later co-founded the Structure Finance Group at CDC IXIS Financial Guaranty. Prior to that, Mr. Lu was a Portfolio Manager with PPM America (Asset Management arm of Prudential UK), where he built and managed a $3 billion ABS portfolio involving a wide range of ABS asset classes. He started his career at CS First Boston. Mr. Lu holds a B.A. in Economics and Computer Science from Middlebury College, and was elected Phi Beta Kappa.

Richard Cooperstein, PhD
Managing Director
203-648-4295
rcooperstein@rangemark.com

Bio

Prior to joining RangeMark, Dr. Cooperstein was head of modeling and portfolio valuation for US mortgages at HSBC Securities from 2004 to 2008 before starting his own firm. Beforehand, he was Chief Risk Officer at Republic Mortgage Insurance Corporation and Senior Economist at the GAO and OMB. He also held several positions at Freddie Mac from 1992 to 2001, including the management of Freddie’s principal finance business. An early advocate of the practical application of option pricing theory to measuring credit risk and value financial guarantees and associated Federal subsidies, Dr. Cooperstein was one of the architects of Credit Reform and is a published author on this subject. He earned his PhD in Economics from the University of Maryland.

James E. Doherty
Director
203-648-4438
jdoherty@rangemark.com

Bio

James Doherty heads the initiative to design and build loan-level systems for the collection, analysis and reporting of servicer data, which is used in the selection and implementation of loss mitigation strategies on various RMBS portfolios. Prior to joining RangeMark, Mr. Doherty worked at RBS Greenwich Capital for 16 years. He was involved in the analysis, financing, purchase and/or securitization of various asset-backed products, including: prime, Alt-A and subprime mortgages; franchise, small commercial and multifamily mortgages; various kinds of leases; sub-performing, non-performing and scratch-and-dent assets; and bankruptcy, timeshare, automobile, credit card and manufactured housing receivables. Previously, he worked at Goldman Sachs in the Asset Management division, where he designed and implemented a nightly process to download and analyze several investment portfolios for clients. Mr. Doherty graduated with a double major in Electrical and Computer Engineering from Carnegie Mellon University.

Jonathan Lam
Director
203-861-7438
jlam@rangemark.com

Bio

Jonathan Lam is responsible for mortgage modeling and client assignments. Prior to joining RangeMark, Mr. Lam was a Director at Standard & Poor’s, where he was responsible for analyzing Derivative Product Companies and CDOs. He is experienced with assessing risks from fixed-income derivatives. In addition Mr. Lam provided support in building cash flow and default models. Mr. Lam was a system analyst for Eurobrokers Inc., a derivative brokerage house. He began his career in finance as a corporate default researcher and a model builder. Mr. Lam received a B.S. in Mathematics with a concentration in Physics from New York University.

Nivesh Kothari
Quantitative Analyst
203-930-2887
nkothari@rangemark.com

Bio

Nivesh Kothari is responsible for the quantitative modeling and analytics of structured credit products. Prior to joining RangeMark, he worked as a short term interest rate trader at Futures First. Mr. Kothari graduated from Cornell University with an M.A. in Financial Engineering.

Shantanu Shrivastava
Associate
203-648-4410
sshrivastava@rangemark.com

Bio

Shantanu Shrivastava is involved in the quantitative research and development of financial models and analytics for structured finance products. Mr. Shrivastava holds an M.A. in Mathematical Finance from Columbia University and B.A. from the Indian Institute of Technology.

Bob (Chong) Zhai
Quantitative Analyst
203-930-2883
czhai@rangemark.com

Bio

Bob Zhai is responsible for the quantitative modeling and analytics of structured credits. Mr. Zhai graduated from Columbia University with a M.S. in Computer Science.

Vaibhav Bhargava
Analyst
203-861-7801
vbhargava@rangemark.com

Bio

Prior to joining RangeMark, Mr. Bhargava worked at Alternative Investment Resource and AllWorld Network, specializing in market and company research on private equity investments. He graduated from Illinois Tech, Chicago with an M.S. in Finance and B.S. in Electronics from University of Rajasthan, India. He holds certificates in Financial Markets and Derivatives from the National Stock Exchange in India and is a candidate to be a Level II Chartered Financial Analyst.

Nandan Bhat
Analyst
203-861-7560
nbhat@rangemark.com

Bio

Prior to joining RangeMark, Mr. Bhat was a software engineer at Synopsys and the Tata Institute for Fundamental Research. He earned an M.S. in Operations Research from Columbia University, an M.S. in Computer Engineering from Texas A&M, and a Bachelor of Electrical Engineering from the Indian Institute of Technology. Mr. Bhat ranked in the top 1% of the All India Joint entrance exam.

Yalan Tao
Analyst
203-861-7512
ytao@rangemark.com

Bio

Ms. Tao earned an MS in Operations Research from Columbia, an MBA from National Taiwan University and a BBA in Industry Management from NTU. Her professional licenses include: Senior Securities Specialist, Futures Specialist and Securities Investment Trust & Consulting Professionals. She is certified by the Securities & Futures Institute in Taiwan and is a candidate to be a Level III Chartered Financial Analyst.

Maximilian Ostrowski
Analyst
203-930-2887
mostrowski@rangemark.com

Bio

Mr. Ostrowski earned a BS in Finance from Bentley University. Prior to joining RangeMark as a full-time employee, he had internships at RangeMark, Pinnacle Associates, Ltd., Crescent Fund, LLC and Citigroup.


										for general inquiries: 328 Pemberwick Road Greenwich, CT 06831 203-861-7080 Fax: 203-531-9090 info@rangemark.com



		Contacts Robert S. Smith Chief Executive Officer 203-861-7516 rsmith@rangemark.com Bio Robert Smith is Chief Executive Officer of RangeMark. Prior to joining RangeMark, he served as the Chief Executive Officer of NSM Capital Management, an advisory and asset management firm since 2006. Mr. Smith has been actively involved in all aspects of the debt capital markets for over 20 years, with particular emphasis on derivative and structured products. He was previously the President and CIO of NIBC Credit Management, Inc., an affiliate of the Dutch bank NIB Capital. NIBC is the successor company of Catamount Investment Group, LLC, founded by Mr. Smith in 2001. Managing over $4 billion in MBS, CMBS, ABS and corporate debt, NIBC is a registered investment advisor. He was previously a Principal at Mariner Investment Group, Inc. where he was responsible for CDO investing, new business and new product development. Prior to this, he was a Principal with Morgan Stanley & Co. Inc. and founder of Morgan Stanley Investor Services, where he managed a $5 billion MBS portfolio and arranged five MBS CDOs. Mr. Smith was a Senior Managing Director at Bear, Stearns & Co., Inc. and worked within that firm’s Fixed Income department for eight years. He founded and managed Bear Stearns Investment Advisors, Inc., a subsidiary specializing in MBS. BSIA managed over $3 billion within some of the earliest MBS CDOs structured in 1987. Mr. Smith received his M.A. in Economics from the University of Virginia in 1982 and B.A. from the University of New Hampshire in 1980. Ritu B. Chachra, CFA Managing Director 203-648-4411 rchachra@rangemark.com Bio Ritu Chachra is responsible for developing investment opportunities and innovative trading solutions to enhance portfolio value in structured product space. Prior to joining RangeMark, Ms. Chachra was Director at NSM Capital Management, where she was advising clients on issues related to valuation and pricing, impairment analysis, trading strategies and restructuring of their mortgage-backed and asset-backed portfolios. She has extensive experience in credit research, surveillance and analytics relating to structured finance products. Previously, Ms. Chachra was at ACA Capital, where she was responsible for development of loan-level model, asset selection and on-going surveillance to manage RMBS and ABS CDOs. Prior to this role, she worked at JPMorgan Asset Management as an ABS Credit Analyst covering non-mortgage ABS and esoteric asset classes. At JPMorgan, she also worked with the Strategic Investment Advisory Group and performed specialized asset/liability and asset allocation analyses for pension funds and endowments. Ms. Chachra holds an M.A. in Economics from University of Virginia and a B.A. from Delhi University. She is a CFA charter holder. David C. Chiang, Ph.D. Managing Director 203-648-4298 dchiang@rangemark.com Bio David Chiang is the head of Systems Development. As a system architect and model developer, his specialties are designing search engines for massive data sets and decision tools including mortgage credit analytics. Prior to joining RangeMark, Dr. Chiang served as the head of Systems Development at NSM Capital Management. Previously, Dr. Chiang was head of Systems Development for Washington Mutual Capital Markets, Senior Systems Analyst at JP Morgan and Prudential Financial Inc. He earned his Ph.D. in Mechanics and Materials Science from Rutgers University and B.S. in Chemical Engineering from the National Taiwan University. Mark A. Gold, Ph.D. Managing Director 203-648-4296 mgold@rangemark.com Bio Mark Gold is responsible for credit research as well as, model development and documentation. Prior to joining RangeMark, Dr. Gold was a Managing Director at NSM Capital Management. He was responsible for research, model development and documentation, and work design and implementation for a variety of consulting projects. Dr. Gold has 26 years of economic and financial market experience, combining significant quantitative capabilities with transaction and risk management expertise across an array of structured asset types. Prior to SCS, he spent ten years at MBIA, where he served first as a transactor and later as an underwriter across various structured finance asset classes including CLO/CDO, CRE CDO, future flow, triple-x and insurance capital relief transactions, bank regulatory relief deals, gap-risk hedge exposures, aircraft and whole business securitizations. He also supported the development of internal mark-to-market models. Dr. Gold worked nearly two years as a structurer on the credit derivative desk of Credit Lyonnais. He began his career in finance at Standard and Poor’s, where he focused on the evaluation of derivative product company risk models, including index generators for interest rate term curves and foreign exchange rates, Monte Carlo simulation systems and derivative pricing modules. He was actively involved in the rating and criteria development for structured notes involving derivatives and index-linked assets. As an economist, Dr. Gold generated inter-industry demand forecasts and customized quantitative modeling at DRI, where he played a leading role in building a telecommunications regulatory practice. Prior to DRI, he worked as a consultant, developing a variety of telecommunications demand forecasting models. Dr. Gold received his Ph.D. in Economics from New York University where was advised by Nobel Laureate Wassily Leontief. He graduated Phi Beta Kappa from the University of Michigan. Jerry Liu Managing Director 203-861-7477 jliu@rangemark.com Bio Jerry Liu is responsible for RMBS and ABS deal structuring, analytical implementation of new businesses and new strategies, credit risk assessments and projection modeling. Prior to joining RangeMark, he was a Managing Director at NSM Capital Management. Mr. Liu has extensive experience structuring and originating a variety of asset-backed securities including Home Equity, Auto and Equipment Lease, Credit Cards and Student Loans. Before joining NSM, he was with ABN AMRO where he structured a number of capital market transactions. In addition, he provided analytic support to several other ABS-related businesses including CP Conduit, Asset-Backed Lending and Market Value Swaps. Prior to this, Mr. Liu was employed with J.P. Morgan Chase, where he focused on the development of sub-prime RMBS valuation, loss and prepayment models. He was also responsible for creating asset hedge strategies used daily by traders for JPMC’s portfolio. He began his career as a quantitative research analyst at Goldman, Sachs & Co. Mr. Liu graduated from the SUNY Institute of Technology in 1998. He is a member of Global Association of Risk Professionals (GARP) and holds a Financial Risk Manager Certificate. He is fluent in Mandarin Chinese. Zhengyuan Lu Managing Director 203-861-7515 zlu@rangemark.com Bio Zhenguyan Lu is responsible for Capital Markets and Business Development. Prior to joining RangeMark, Mr. Lu was a Managing Director at NSM Capital Management in a similar capacity. He has 16 years of experience in structured finance products. Before joining NSM, Mr. Lu was Managing Director and Head of Structured Products at Keefe, Bruyette & Woods, where he was in charge of structuring and trading of all structured transactions. He was a senior investment banker with Fortis Securities and WestLB AG, where he originated and structured a variety of structured products including ABS CDOs, CLOs, CSOs and TRS in both cash and synthetic forms. Mr. Lu has also spent five years in the financial guarantee industry, first with MBIA and later co-founded the Structure Finance Group at CDC IXIS Financial Guaranty. Prior to that, Mr. Lu was a Portfolio Manager with PPM America (Asset Management arm of Prudential UK), where he built and managed a $3 billion ABS portfolio involving a wide range of ABS asset classes. He started his career at CS First Boston. Mr. Lu holds a B.A. in Economics and Computer Science from Middlebury College, and was elected Phi Beta Kappa. Richard Cooperstein, PhD Managing Director 203-648-4295 rcooperstein@rangemark.com Bio Prior to joining RangeMark, Dr. Cooperstein was head of modeling and portfolio valuation for US mortgages at HSBC Securities from 2004 to 2008 before starting his own firm. Beforehand, he was Chief Risk Officer at Republic Mortgage Insurance Corporation and Senior Economist at the GAO and OMB. He also held several positions at Freddie Mac from 1992 to 2001, including the management of Freddie’s principal finance business. An early advocate of the practical application of option pricing theory to measuring credit risk and value financial guarantees and associated Federal subsidies, Dr. Cooperstein was one of the architects of Credit Reform and is a published author on this subject. He earned his PhD in Economics from the University of Maryland. James E. Doherty Director 203-648-4438 jdoherty@rangemark.com Bio James Doherty heads the initiative to design and build loan-level systems for the collection, analysis and reporting of servicer data, which is used in the selection and implementation of loss mitigation strategies on various RMBS portfolios. Prior to joining RangeMark, Mr. Doherty worked at RBS Greenwich Capital for 16 years. He was involved in the analysis, financing, purchase and/or securitization of various asset-backed products, including: prime, Alt-A and subprime mortgages; franchise, small commercial and multifamily mortgages; various kinds of leases; sub-performing, non-performing and scratch-and-dent assets; and bankruptcy, timeshare, automobile, credit card and manufactured housing receivables. Previously, he worked at Goldman Sachs in the Asset Management division, where he designed and implemented a nightly process to download and analyze several investment portfolios for clients. Mr. Doherty graduated with a double major in Electrical and Computer Engineering from Carnegie Mellon University. Jonathan Lam Director 203-861-7438 jlam@rangemark.com Bio Jonathan Lam is responsible for mortgage modeling and client assignments. Prior to joining RangeMark, Mr. Lam was a Director at Standard & Poor’s, where he was responsible for analyzing Derivative Product Companies and CDOs. He is experienced with assessing risks from fixed-income derivatives. In addition Mr. Lam provided support in building cash flow and default models. Mr. Lam was a system analyst for Eurobrokers Inc., a derivative brokerage house. He began his career in finance as a corporate default researcher and a model builder. Mr. Lam received a B.S. in Mathematics with a concentration in Physics from New York University. Nivesh Kothari Quantitative Analyst 203-930-2887 nkothari@rangemark.com Bio Nivesh Kothari is responsible for the quantitative modeling and analytics of structured credit products. Prior to joining RangeMark, he worked as a short term interest rate trader at Futures First. Mr. Kothari graduated from Cornell University with an M.A. in Financial Engineering. Shantanu Shrivastava Associate 203-648-4410 sshrivastava@rangemark.com Bio Shantanu Shrivastava is involved in the quantitative research and development of financial models and analytics for structured finance products. Mr. Shrivastava holds an M.A. in Mathematical Finance from Columbia University and B.A. from the Indian Institute of Technology. Bob (Chong) Zhai Quantitative Analyst 203-930-2883 czhai@rangemark.com Bio Bob Zhai is responsible for the quantitative modeling and analytics of structured credits. Mr. Zhai graduated from Columbia University with a M.S. in Computer Science. Vaibhav Bhargava Analyst 203-861-7801 vbhargava@rangemark.com Bio Prior to joining RangeMark, Mr. Bhargava worked at Alternative Investment Resource and AllWorld Network, specializing in market and company research on private equity investments. He graduated from Illinois Tech, Chicago with an M.S. in Finance and B.S. in Electronics from University of Rajasthan, India. He holds certificates in Financial Markets and Derivatives from the National Stock Exchange in India and is a candidate to be a Level II Chartered Financial Analyst. Nandan Bhat Analyst 203-861-7560 nbhat@rangemark.com Bio Prior to joining RangeMark, Mr. Bhat was a software engineer at Synopsys and the Tata Institute for Fundamental Research. He earned an M.S. in Operations Research from Columbia University, an M.S. in Computer Engineering from Texas A&M, and a Bachelor of Electrical Engineering from the Indian Institute of Technology. Mr. Bhat ranked in the top 1% of the All India Joint entrance exam. Yalan Tao Analyst 203-861-7512 ytao@rangemark.com Bio Ms. Tao earned an MS in Operations Research from Columbia, an MBA from National Taiwan University and a BBA in Industry Management from NTU. Her professional licenses include: Senior Securities Specialist, Futures Specialist and Securities Investment Trust & Consulting Professionals. She is certified by the Securities & Futures Institute in Taiwan and is a candidate to be a Level III Chartered Financial Analyst. Maximilian Ostrowski Analyst 203-930-2887 mostrowski@rangemark.com Bio Mr. Ostrowski earned a BS in Finance from Bentley University. Prior to joining RangeMark as a full-time employee, he had internships at RangeMark, Pinnacle Associates, Ltd., Crescent Fund, LLC and Citigroup.