DelphX Capital Markets Inc. announced that industry expert Jeffrey Nabi has joined the Company as Managing Director, Credit Product Sales, to spearhead the new sales team and the commercialization phase of the DelphX Credit Rating Security (CRS) product. Today's announcement marks a major milestone as the operational starting point for the Company's wholly-owned broker dealer and creates the potential for significantly improved margins on each transaction. The DelphX CRS product is a novel new offering in the space -- giving bond holders and traders the ability to position against potential rating changes on existing bonds.

Mr. Nabi is an industry veteran with senior-level experience across multiple structured product categories including mortgage and asset backed securities, fintech banking, and deal structuring and investment. Most recently, he served as Head of Capital Markets for Imperial Fund, where he helped launch the fund's securitization program, which produced 15 deals totaling $4.9 billion in non-qualified mortgage loans. His role at Imperial included supervising day-to-day capital markets as a key Member of the Executive Management Team, with oversight of warehouse funding relationships, and development of key alliances with funding partners, investment banks, and rating agencies, as well as helping with monitoring of credit and interest risks and portfolio modelling.

Previously, Mr. Nabi also served as Chief Financial Officer and Head of Capital Markets at education lender Funding U; Managing Director - Debt Capital Markets at Cantor Fitzgerald; and held senior positions at bond insurers Assured Guaranty, Ambac and Financial Security Assurance; in addition to positions at Deloitte & Touche and Goldman Sachs. His experience in the financial markets is comprehensive, covering both debt and equity, investment, underwriting, risk assessment and mitigation, and involvement in structured finance and asset-backed securities secondary markets.