Kroll Bond Ratings named Ira Powell its chief credit officer. He replaces Glen Costello, who died last month.
Powell will report to Jim Nadler, president and chief operating officer of Kroll.
He joins the rating agency from Goldman Sachs, where he spent nearly 15 years as a vice president and the head of money market origination within the investment banking division.
Before Goldman, he was a vice president at Merrill Lynch. Powell began his career at Clifford Chance, then spent two years at Fitch, as a founding member of the rating agency’s asset backed commercial paper group.
Morningstar also named Tim Greening as chief credit officer for the group’s corporate bonds group, a new position. He will be responsible for overseeing the internal control structure, rating methodologies and criteria, and the review of quantitative models for the rating agency’s corporate credit research team.
Greening will report to Vickie Tillman, president of Morningstar Credit Ratings.
He brings more than 35 years of experience in credit analysts, finance, portfolio management, economics, teaching and consulting to his new position. Greening was most recently group credit officer of North American corporates for Fitch Ratings.