Moody’s Investors Service, the second-largest credit-rating company, has made Michael West its global head of structured-finance grades.
Mark Gray was promoted to take over West’s previous role as global head of corporate-finance rankings, Tom Lemmon, a spokesman for New York-based Moody’s, said today by telephone. Detlef Scholz, who West replaced in overseeing grades on debt such as securities backed by mortgages and car loans, is now leading a global technology initiative, he said.
The moves were effective Jan. 15. Newsletter Asset-Backed Alert reported the changes for West and Scholz today.