Sylvain Raynes is a founding principal of R&R Consulting, a structured credit metrics consultancy founded in 2000. Most recently, Dr. Raynes worked on the originations teams of UBS and CSFB. He developed methods for standardizing the credit risk analysis of exotic ABS the mid-1990s while in the Structured Finance Group Moody's Investors Service. Earlier, at Goldman Sachs he was involved in the statistical modeling of Derivative Product Companies, and at Citicorp he was responsible for the design of the credit scoring model for Citi's then-$30 BN credit card portfolio. Dr. Raynes has a PhD in aerospace engineering from Princeton University and an M.S. in Numerical Methods from Von Karmen Institute in Brussels.