Moody's Investors Service has promoted Nicolas Weill to chief credit officer, a newly created role at the rating agency. Weill will be responsible for the constancy of rating decisions and methodologies within the group, as well as with other product groups at Moody's. He will also be charged with making sure ratings are adjusted on a timely basis, among other roles. Weill, who has been with Moody's for eight years, reports directly to Andrew Silver, group managing director of asset finance. Weill has traditionally been involved in the more esoteric asset classes, such as tobacco, structured-settlement securitization and pooled aircraft ABS.
Ravindra Joseph, head of structured products at Morgan Stanley's European securitization business, has resigned, according to newswire reports. Ellen Brunsberg, a specialist in Morgan Stanley's European commercial mortgage lending and securitization division, will replace Joseph.