Marc Joffe

Marc Joffe specializes in bond credit issues, public policy research, and credit assessment technologies. In his nine years at Moody’s, Marc worked on a variety of software development projects benefiting both the Analytics and Ratings franchises. Before joining Moody’s, Marc had technology roles at CIBC, Dresdner Kleinwort, and some other money center banks. In 2011 he researched and co-authored Kroll Bond Rating Agency’s inaugural Bond Default study – gathering data on thousands of defaults dating back to 1920. Marc’s research, and the development of his open-source credit model, have been funded by grants and honorariums from The Macdonald-Laurier Institute, Fraser Institute, Mercatus Center, National University of Singapore’s Risk Management Institute, the California State Treasurer’s Office, Microsoft Corporation, and UC Berkeley. Marc’s work is widely cited, and his op-eds have appeared in Bloomberg View, The Guardian, The Fiscal Times, and RealClearMarkets. Marc has an MBA in Finance from NYU’s Stern School of Business. He is the former Director of Policy Research at the California Policy Center and most recently worked as a Senior Policy Analyst at Reason Foundation. His work on the quantitative default probability model is the basis of a new methodology in bond credit risk scoring. More importantly, he is the human router of the bond market network.