Find a Professional

Search PeopleFind a Professional
Photo of Ozgur  Kan

Ozgur Kan

Managing Director


Ozgur Kan leads BRG’s Credit Risk Analytics practice and is part of the Financial Services and Securities practices. As part of his credit-related projects, he works with the firm's clients on credit ratings, credit modeling and validation, bond ratings advisory, credit model governance, regulatory preparedness, economic and regulatory capital, and compliance matters.

Dr. Kan’s experience in expert witness/expert opinion services covers disputes and analysis of credit ratings and credit risk rating parameters, analysis of creditors’ rights, securities class action lawsuits, fraudulent conveyance matters, valuation of damages, and transfer of wealth in major corporate transactions. As part of his investment management-related matters, Dr. Kan performs review, analysis, audit, and validation of asset allocation and investment models for investment funds and alternative investment vehicles with specific emphasis on portfolio construction and rebalancing, portfolio risk management, risk and return attribution, and suitability of investments. His work includes advanced modeling of interest rates, currencies and volatility for portfolio construction, risk management, and hedging purposes.

Dr. Kan’s work in regulatory compliance matters covers responding to and preparing remediation plans for Materials Requiring Attention (MRA) or Materials Requiring Immediate Attention (MRIA) notices by banking regulators, Wells notices by the SEC, and stress-testing and capital adequacy reviews.

Dr. Kan’s advisory work in the credit area includes bond rating advisory, credit rating improvement, and assignment of credit assessments to sovereign and public finance-municipal entities, commercial and industrial companies, financial institutions, banks, broker dealers, asset-backed and structured securitizations. He performs credit rating analysis and provides structuring/restructuring and bond rating advice on asset-backed securitizations, leveraged buy outs, distressed exchanges, turnarounds, and bankruptcies.

Dr. Kan also focuses on the valuation of mostly credit instruments, bonds, structured deals, workout assessments for reporting, portfolio management, and capital purposes. His expertise also lies in sovereign and country credit risk, and he has built sovereign frameworks for export import banks and export credit agencies in the past.

Dr. Kan previously led the Credit Methodology function in GE Capital, Americas, based in Norwalk, Connecticut. He spearheaded the use of ratings and credit methodologies in underwriting, risk-lending, and origination of loan and lease transactions, including asset-based loans, cash-flow loans and sponsor finance, and LBO transactions. He contributed to the development and the validation of internal credit risk models (probability of default (PD), exposure at default (EAD), loss given default (LGD)) for sovereign and public finance-municipal entities, commercial and industrial companies, financial institutions, banks, broker dealers, hospitals, non-profits, and higher-education institutions; and worked on stress-testing of the credit portfolio and portfolio analytics activities. In addition, Dr. Kan oversaw judgmental internal credit approaches for non-rated municipals, high-net worth individuals, and special-purpose vehicles, and implied support from parents to subsidiaries; supervised validation, calibration, and implementation of internal credit models; and trained portfolio managers, underwriters, internal loan review, and internal audit teams.

Dr. Kan was also previously a director in the Consulting Services group of Moody’s Analytics, where he led advisory engagements with clients mostly throughout North America and South America on credit ratings, development of internal credit risk rating models and methodologies, credit assessments, recoveries, valuation of credit instruments, PD, LGD/recovery modeling, credit risk analytics, and corporate portfolio stress-testing across all industries. Dr. Kan also previously worked in the valuation, securities and financial services practices of Law and Economics Consulting Group (LECG) and Marshall and Stevens, and taught MBA and undergraduate courses at two universities. 


Old Dominion University
Ph.D., Finance and International Business, 2001

Middle East Technical University
MBA, Finance and Organization, 1997
B.Sc., Telecom/Electronics Engineering, 1993

Employment History

GE Capital Americas
Head of Credit Methodology
2011 - 2013

Moody's Analytics Consulting Services
2006 - 2011

Law and Economics Consulting Group
Senior consultant

Marshall and Stevens
Senior consultant
2005 - 2006

Assistant Professor of Finance
2002 - 2005

Assistant Professor of Finance
2000 - 2002


Representative Engagements

News & Insights

Selected Publications

Seminars & Speaking Engagements


Professional Affiliations

Chartered Financial Analyst (CFA), 2006

Financial Risk Manager (FRM), 2004


Chartered Financial Analyst (CFA), 2006

Financial Risk Manager (FRM), 2004