Press Release

Richard L. Cooperstein Joins Andrew Davidson & Co., Inc.

New York, NY, July 13, 2016 — Andrew Davidson & Co., Inc. (AD&Co), a leading provider of advanced, market-tested analytical solutions for institutional mortgage investors, is pleased to announce that Richard L. Cooperstein has joined its growing and developing team.

In his new role, Cooperstein will lead Model Risk Management, supporting the company’s growth in an increasingly regulated environment. His decades of experience creating and using option-based analytical infrastructure to value, manage, and invest in various types of credit risk will be invaluable. His background includes developing and implementing investment strategies for structured credit risk, mortgage insurance, financial guarantees, and servicing rights with credit risk content.

“Richard’s extensive experience as a regulator, risk manager and asset manager gives him the keenest sense of how to assess a risk management framework that supports and controls investment risk,” said Andrew Davidson, President of AD&Co. “We’re excited to have his particular combination of skills and his point of view in this changing marketplace.”

Most recently, Cooperstein was Treasurer and Vice President of Pricing and Asset Acquisitions at Ocwen Mortgage Servicing, a subsidiary of Ocwen Financial. His varied roles have also included Vice President of Structured Transactions at Freddie Mac; Managing Director, Head of Modeling and Analytics at HSBC Securities; and Senior Economist, Executive Office of the President, Office of Management and Budget, where he applied option pricing theory to value the financial guarantees of the Federal Government, and was one of the architects of Credit Reform.

Richard L. Cooperstein is a published author on option pricing theory and valuing credit risk, including articles in The Journal of Structured Finance, The Journal of Financial Intermediation, and The AREUEA Journal. He holds a Ph.D. in Economics from the University of Maryland, College Park and a BA in Economics from the University of New Orleans.

About Andrew Davidson & Co
Andrew Davidson & Co., Inc., founded in 1992, is a leading provider of risk analytics for fixed income investors with an emphasis on mortgage and asset-backed securities and mortgage whole loans. The unique blend of investment expertise and cutting-edge quantitative methods combines decades of Wall Street experience with the most advanced modeling techniques. For more information about Andrew Davidson & Co., Inc., please visit