© 2026 Arizent. All rights reserved.

Ray McDaniel to become Moody’s CEO

Published 1 Min Read

Ray McDanielwill become chairman and chief executive officer of Moody’s Corp., effective April 2005, when John Rutherford plans to resign at the age of 65. In his new role, McDaniel will continue to have responsibility for both the Moody’s Investors Service and Moody’s KMV businesses. McDaniel has served as president of Moody’s Investors Service since November 2001 and was elected to the Moody’s Corp. board of directors in April 2003.

For reprint and licensing requests for this article, click here.

More From Asset Securitization Report

Moody’s Unaware of Any Plans by DOJ to Sue

Moody's Investors Service chief executive told investors Friday he is unaware of plans by federal and state officials to sue the company for allegedly misleading investors in the run-up to the housing crisis.

Moody’s, S&P Execs Defend Their Precrisis Performance

Top executives at two credit rating agencies defended themselves Friday against charges that, to retain market share, they knowingly issued inflated ratings on MBS before the financial crisis and put off making needed changes in their standards. Officials from Moody’s Investors Service and Standard and Poor’s tried to rebut a congressional report released Thursday by arguing […]

Glints of Hope at Card Issuers; Amex Asserts Losses at Peak

Given the glimmers of improvement in second-quarter results, credit card lenders are hoping for an endless spring. Seasonal factors, like tax refunds, certainly played a role in declining delinquency rates. But on quarterly conference calls this month, executives at the largest issuers held out the possibility of more progress to come. Their guarded optimism was […]

Whispers: February 16, 2009

Chapman and Cutler hired Kenneth Marin to be part of its recently opened New York City office. Marin is a partner in the firm’s asset securitization practice. Marin has represented issuers, underwriters, investors and credit enhancers in securitization deals involving a diverse array of performing and distressed assets. He also has a substantial derivatives practice […]

Whispers

South Africa’s Standard Bank in London recently hired David McCaig as global head of securitization. McCaig had been at WestLB from July 1998 until the spring of this year. At WestLB, he headed up asset securitization and commodity finance and oversaw, among other things, a thriving business in financial future flows from banks in Turkey […]