In a move to underscore the independence of its credit ratings business, Moody's Corp. has reorganized into two divisions. A new division, called Moody's Analytics, will pull Moody's KMV, Moody's Economy.com and other businesses out of its rating agency business, along with the sales and marketing divisions of the entire company.
Most familiar to the structured finance industry is the rating agency, Moody's Investors Service, which will continue to provide credit ratings and related research. The ratings agency named Brian Clarkson as its president and COO, wherein he will assume overall responsibility for leading its ratings and research business. A 16-year veteran of Moody's, Clarkson was co-COO and executive vice president since 2004. In that role, Clarkson, 51, was responsible for overseeing the rating agency's global structured finance, global project finance managed funds and U.S.-based public finance businesses, along with its sales and marketing activities.
Christopher T. Mahoney, 52, is now vice chairman of Moody's Investors Service. In that role, he will act as a senior resource for a range of corporate initiatives. Previously, Mahoney was executive vice president and co-COO, responsible for its global corporate, financial institution and sovereign ratings.
Mark Almeida, 47, won a promotion to senior vice president of Moody's Corp., with responsibility for directing the Moody's analytics division. After joining the company 19 years ago, Almeida was most recently senior managing director of the Investor Services Group. He will now oversee Moody's diverse businesses that provide data, research, data and analytical services to institutional investors, credit professionals and other capital markets professionals.