Ozgur Kan

Managing Director

New York

Ozgur Kan leads BRG’s Credit Risk Analytics practice and is part of the firm’s Financial Services and Securities practices.

As part of his credit-related projects, he works with clients on credit analysis and assessments, credit ratings, credit modeling and validation, bond ratings advisory, underwriting due diligence, loan and lease underwriting, deal review, credit model governance, regulatory preparedness, risk compliance, and economic and regulatory capital.

Dr. Kan’s experience in expert witness/expert opinion services covers disputes and analysis of credit analysis, assessments, credit ratings and credit risk rating parameters, securities class action lawsuits, assignment of bond ratings across different industries, underwriting of loans and leases, due diligence issues, deal review, and analysis of creditors’ rights.

As part of his investment management-related matters, he performs review, analysis, audit, and validation of asset allocation models and algorithmic investment approaches for investment funds and alternative investment vehicles with specific emphasis on asset allocation, portfolio construction and rebalancing, algorithmic investing and trading methods, portfolio risk management, risk and return attribution, and suitability of investments. His work includes advanced modeling of interest rates, FX/currencies and volatility for asset allocation, portfolio construction, risk management, asset/liability management, and hedging purposes.

Dr. Kan’s work in regulatory compliance matters covers responding to and preparing remediation plans for Matters Requiring Attention (MRA) or Matters 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. He regularly participated in transactional deal teams for the origination of asset-backed loans, cash-flow loans and sponsor finance, LBO transactions and equipment leases and also trained underwriters, loan portfolio managers, internal loan/deal review, and internal audit teams. 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.

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. He also previously worked in the valuation, securities and financial services practices of Law and Economics Consulting Group (LECG) and Marshall and Stevens, and as an academic taught MBA and undergraduate courses at two universities.