Prospective bond-insurer BondFactor has hired Mark Adelson, former chief credit officer at Standard & Poor’s.

As of Monday Adelson is BondFactor’s new chief strategy officer.

“We are delighted that someone with Mark Adelson’s expertise, perspective and integrity has joined us,” said BondFactor chief executive officer George Butcher. “As chief strategy officer, Mark’s experience complements that of our management team and contributes significantly to our goal of becoming recognized as one of the strongest corporate credits globally. Mark is one of the most respected and knowledgeable executives in the market today. I am pleased to welcome him to BondFactor.”

“I am very excited to be joining the BondFactor team and look forward to applying my securitization, credit and risk analysis skills in a new way,” Adelson said.

Former Goldman Sachs & Co. public finance professionals founded BondFactor in 2008. BondFactor is currently seeking a rating and is in the regulatory process. It is based in New York City.

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