Morningstar Credit Ratings LLC has named Lea Overby head of commercial mortgage-backed securities (CMBS) research and analytics.
In her new role, Overby will oversee the ongoing management and development of Morningstar’s CMBS business, including new issue and surveillance ratings, CMBS research, and CMBS analytical products. Overby is based in New York City and reports to Morningstar’s president, Vickie Tillman.
Overby is responsible for leading Morningstar’s CMBS and commercial real estate rating initiatives, including the management and ongoing development of analytical staff, rating methodologies, criteria, and models, as well as leading the group’s effort to produce insightful analytical output while ensuring a high level of integrity, transparency and accuracy in the company’s CMBS ratings.
Previously, Overby was managing director for research at Morningstar, a position she held since she joined the company in August 2016.
Overby has more than 15 years of experience in structured finance as both an investor and a sell-side researcher. Before joining Morningstar, she served as head of CMBS and asset-backed securities (ABS) research at Nomura Securities, where she developed a publishing platform focused on CMBS and consumer and commercial ABS. Prior to Nomura, she served as a junior portfolio manager overseeing a portfolio of primarily CMBS for BNY Mellon Treasury.