Barclays Capital has recruited Dr Scott Aguais as head of credit risk methodology to implement the new regulatory framework for credit risk capital mandated by the Basle II accord.

Aguais, who joins from Algorithmics, the enterprise risk management vendor, will be based at Barclays Capital in London, reporting to Julian Shaw, global head of market risk and head of risk analytics and research. Aguais will also oversee projects on credit risk exposure measurement and will develop and implement mark-to-market valuation models for loan and bond exposures.