North America

Ana Arsov Managing Director, Global Investment Banks, Finance Companies and Securities Firms Moody’s Investors Service

Ana Arsov is a Managing Director in the North American banking team responsible for the ratings portfolio and teams covering the global investment banks, non-bank finance companies, and securities firms and market infrastructure entities. Ana also led the development of finance companies, securities firms and clearing houses rating methodologies, and developed the Moody's counterparty risk rating.

Ana joined Moody’s in 2013 with an extensive experience in analyzing financial institutions and managing credit professionals. Prior to joining Moody’s, Ana’s most recent role was at UBS, where she spent the last several years as Executive Director in Credit Risk, responsible for financial institutions including North American banks,broker dealers, exchanges and clearinghouses. Prior to UBS, she was Head of Global Portfolio Management-Credit Risk Management at Morgan Stanley, focusing on comprehensive coverage, identification and analysis of risks across the firm’s trading and lending businesses as well as leading key risk management initiatives for Morgan Stanley Bank N.A.

Ana began her career in Credit Risk Management at Lehman Brothers in various credit risk roles, ultimately heading up the North American Financial Institutions and Structured Finance team, and subsequently worked on Lehman’s bankruptcy resolution.

Ana holds a master’s degree in Management (with a specialization in Financial Services and Banking) from Boston University, and a bachelor’s degree in Business from Pace University, New York.

Michael Corbat Chief Executive Officer Citigroup Inc

Michael L. Corbat is Chief Executive Officer of Citi, the world's global bank, with approximately 200 million customer accounts and activities in more than 160 countries and jurisdictions.

Since becoming CEO in 2012, he has focused on leveraging Citi's unique global network to serve its institutional and consumer banking clients with an emphasis on strong execution and the highest ethical standards. In the process, Mr. Corbat has made Citi a simpler, smaller, safer and stronger institution. Citi has improved the quality and consistency of earnings, and Mr. Corbat is committed to creating shareholder value by serving Citi's stakeholders and fulfilling Citi's mission of enabling economic growth and progress.

Mr. Corbat has been at Citi and its predecessor companies since his graduation from Harvard University with a bachelor's degree in economics in 1983. Prior to his current role, Mr. Corbat was CEO of Europe, Middle East and Africa where he oversaw all of Citi's business operations in the region, including consumer banking, corporate and investment banking, securities and trading and private banking services. Previously, Mr. Corbat served as the CEO of Citi Holdings, Citi's portfolio of non-core businesses and assets. In this role, he oversaw the divestiture of more than 40 businesses and divested more than $500 billion assets, reducing risk on the Company's balance sheet and freeing up capital to invest in Citi's core banking business.

Mr. Corbat has also served as the CEO of Citi's Global Wealth Management unit and was Head of the Global Corporate and Global Commercial Bank at Citi, a role in which he led the firm's efforts to provide best-in-class financial services to top-tier multi-national corporations and financial institutions around the world.

Mr. Corbat has been honored by several civic and cultural organizations. He serves as Chairman of The Clearing House Association Supervisory Board and Vice Chairman of the Financial Services Forum. He is also an executive committee member of the Partnership for New York City, a permanent board member of the Bank Policy Institute, and sits on the Board of Trustees of the United States Ski and Snowboard Association.

Ana Arsov Managing Director, Global Investment Banks, Finance Companies and Securities Firms Moody’s Investors Service

Ana Arsov is a Managing Director in the North American banking team responsible for the ratings portfolio and teams covering the global investment banks, non-bank finance companies, and securities firms and market infrastructure entities. Ana also led the development of finance companies, securities firms and clearing houses rating methodologies, and developed the Moody's counterparty risk rating.

Ana joined Moody’s in 2013 with an extensive experience in analyzing financial institutions and managing credit professionals. Prior to joining Moody’s, Ana’s most recent role was at UBS, where she spent the last several years as Executive Director in Credit Risk, responsible for financial institutions including North American banks,broker dealers, exchanges and clearinghouses. Prior to UBS, she was Head of Global Portfolio Management-Credit Risk Management at Morgan Stanley, focusing on comprehensive coverage, identification and analysis of risks across the firm’s trading and lending businesses as well as leading key risk management initiatives for Morgan Stanley Bank N.A.

Ana began her career in Credit Risk Management at Lehman Brothers in various credit risk roles, ultimately heading up the North American Financial Institutions and Structured Finance team, and subsequently worked on Lehman’s bankruptcy resolution.

Ana holds a master’s degree in Management (with a specialization in Financial Services and Banking) from Boston University, and a bachelor’s degree in Business from Pace University, New York.

Laurie Mayers Associate Managing Director, Global Investment Banks and European Banks Moody’s Investors Service

Laurie Mayers is an Associate Managing Director in Moody’s European Banking team. Laurie has responsibility for the analytical teams covering bank and non-bank financial institutions in the UK and Ireland as well as for the global investment banks located in EMEA and North America. Leveraging her risk and regulatory background, she also provides leadership within the Financial Institutions business unit on the cross jurisdictional implications for banks of the implementation of Basel III, the BRRD and TLAC/MREL requirements, UK ring fencing and Brexit. 

Prior to Moody’s, Laurie’s most recent role was Manager of the Capital Management Team at the UK Financial Services Authority (now the Prudential Regulation Authority), where she had responsibility for Pillar 2 capital assessments and firm-wide stress testing for the largest UK banks and building societies.

Laurie’s previous roles include Partner, Risk and Regulatory Advisory, Ernst & Young, Group Head of Basel 2 and a member of the Group Risk Executive Team at RBS, Global Head of Counterparty Credit Risk at RBS and previously, Principal and EMEA Head of Credit for Morgan Stanley International. Laurie began her career at as a staff economist at the New York Mercantile Exchange , and subsequently worked as a lending officer in the Commodity Finance Division at Chase Manhattan Bank following completion of their credit analyst training programme.

Laurie holds a Master’s Degree in International Affairs (with a specialisation in International Economics) from Columbia University SIPA and a Bachelor’s Degree in Political Economy from Williams College, Williamstown, Massachusetts.

David Fanger Senior Vice President, North America Banks and Securities Firms Moody's Investors Service

Mr. Fanger has been with Moody’s since 1995 as a member of Moody’s Financial Institutions Group. In June 2008 he returned to Moody’s Global Banking team after serving as Chief Credit Officer for Moody’s Financial Institutions Group for 2 ½ years.He currently has lead or co lead analytic responsibilities for a number of large universal banks and securities firms headquartered in Europe and the U.S., and also provides guidance and support to other analysts covering similar institutions to help ensure consistency in Moody’s analysis and ratings of these complex firms. Mr. Fanger also continues to support Moody’s Credit Policy function through his participation on a variety of standing committees and special projects.

Mr. Fanger has previously served as Regional Credit Officer for the Americas Banking team and the Finance and Securities team at Moody’s, and has been lead analyst on a wide range of banks, thrifts, and credit card companies on those teams.Prior to joining Moody’s Mr. Fanger worked at the Federal Reserve Bank of New York in Banking Supervision, and also served a brief stint at the Federal Reserve Bank of San Francisco. 

Mr. Fanger has a Masters in Public Policy from Harvard University’s Kennedy School of Government where he concentrated in Business and Government Relations, and a B.A. from Colby College where he majored in Economics and Government.

Peter Nerby CFA, Senior Vice President, North America Banks and Securities Firms Moody's Investors Service

Since joining Moody’s in November 1998, Peter Nerby has been responsible for analyzing and rating the investment banks, broker-dealers and exchanges within the U.S. securities industry. Peter is currently lead analyst covering Citigroup, Deutsche Bank and JPMorgan Chase. Peter came to the company with more than 15 years’ of experience in corporate finance, credit, and counter party analysis. 

Prior to joining Moody’s, he led a team at Deutsche Bank that was responsible for managing the bank’s exposure to U.S. broker dealers. He also spent 12 years at JPMorgan and after completing JPM’s management training program, specialized in managing trading and derivatives counter party risk with regulated financial institutions and hedge funds.

Mr. Nerby holds a B.A. in Business Administration from the Richard Ivey School of Business at the University of Western Ontario. After graduation, he spent a year writing case studies on financial strategies of Canadian natural resource companies for use in the School’s graduate and undergraduate programs. He is a Chartered Financial Analyst.

Donald Robertson Senior Vice President, North America Banks and Securities Firms Moody's Investors Service

Donald Robertson is a lead analyst for global investment banks, securities firms and clearing houses, within Moody’s Financial Institutions Group. In this role he has responsibility for the ratings of a number of US and European banks, exchange operators, electronic market makers and clearing houses. Donald was the lead author of Moody’s rating methodologies for Securities Industry Market Makers and Securities Industry Service Providers, and played an integral role in their development and implementation. Donald is routinely involved in managing and contributing to special projects, including organizing Moody’s annual North American banking and finance conference.

Donald joined Moody’s in 2007 as an accounting specialist in Moody’s Enhanced Analytics Group. In this role, he originally focused on various non-financial corporate sectors, publishing research on complex financial reporting topics and helping educate Moody’s analysts on matters of accounting and financial reporting. Donald subsequently transitioned into Moody’s Financial Institutions Group to lead the development of Moody’s cross-sector rating methodology for Financial Statement Adjustments in the Analysis of Financial Institutions and helped develop and implement Moody’s system for capturing, adjusting and analyzing banks’ financial reporting. In 2013, Donald transitioned to a lead analyst role, and in that capacity he has covered most rated US securities firms.

Prior to joining Moody’s, Donald was a Director of Financial Audit at Siemens Corporation, responsible for leading a team conducting IFRS and US GAAP audits in the Americas’ region. Donald started his career at PwC, in the firm’s Glasgow, UK office. In 1998, he transferred to the New York Metro region, and was an audit manager with a client base in the pharmaceutical industry.

Donald is a CA and CPA (inactive), and holds an undergraduate degree from the University of Glasgow.

Alessandro Roccati Senior Vice President - Financial Institutions Group Moody's Investors Service

Alessandro Roccati joined Moody’s in May 2012 as a Senior Vice President in the Financial Institutions Group, based in London. His portfolio includes large European banks.Prior to joining Moody’s, Alessandro spent fifteen years in equity research as a Senior analyst covering European banks at global investment banks: Macquarie,Man Group, Credit Lyonnais and Nikko Securities. He started his career as a credit analyst covering European banks at UniCredito. Alessandro graduated in Economics from Bocconi University in Milan.

David Beattie Senior Vice President, North America Banks & Insurance Moody's Investors Service

David Beattie is a Senior Vice President in Moody’s North American Financial Institutions Group, and is the Lead Analyst for the major Canadian banks and life insurers. David joined Moody’s in 2011, prior to which he had a lengthy career in financial services. David has held a series of increasingly responsible positions in retail banking, corporate banking and investment banking with a number of Canadian and international banks, most latterly with TD Securities as Head of Financial Institutions Investment Banking.

David holds an MBA from The University of Western Ontario and a BA from Carleton University.

Michael Rohr Senior Vice President, EMEA Banking Moody's Investors Service

Michael Rohr is a Senior Vice President and member of the Financial Institutions Group. Based in Frankfurt, he is responsible for Moody’s ratings for a variety of large financial institutions – including the investment banks – in Switzerland and Germany. Michael joined Moody’s in March 2012. 

Prior to his current function, Michael spent 16 years in equity research, asset management and retail banking, holding various positions at both sell-side and buy-side equity research firms and universal banking institutions focused on analyzing European banks.

Michael received a Bachelor Degree in Business Administration from the Akademie Norddeutscher Genossenschaften (co-operative banks university) in Northern Germany.

Olivier Panis Vice President, Senior Credit Officer Moody's Investors Service

Olivier Panis is a Vice President – Senior Credit Officer in the EMEA Financial Institutions Group based in Paris, covering a portfolio of European Global Investment Banks (GIBs) and non-GIBs. Olivier has also responsibility for coverage of bank ratings in French speaking African countries, among which Tunisia and Morocco.

Olivier joined Moody’s in Dubai in 2013 where he assumed responsibility for a portfolio of financial institutions in the Gulf Cooperation Countries (GCC) and North Africa.Prior to joining Moody’s in 2013, he was heading the Portfolio Management team for Corporate Banking Emerging Markets at Barclays. He started his career as a financial analyst at the French Ministry of Finance in Paris. Olivier Panis holds a MSc in Economics from the Université PARIS I (Sorbonne).

Edoardo Calandro Vice President – Senior Analyst, EMEA Banking Moody's Investors Service

Edoardo Calandro is a member of the EMEA Banking Team, where he is the lead analyst on a portfolio of Italian banks.

Joseph Pucella Senior Vice President, North America Banks and Specialty Finance Moody's Investors Service

Joseph Pucella is a Senior Vice President on the North American Banking and Finance Teams. Joseph covers a portfolio of US regional and community banks, Federal Home Loan Banks, non-bank commercial real estate lenders and business development companies. He joined Moody’s in 2004 as an accounting specialist. 

Prior to joining Moody’s, Joseph held positions at Credit Suisse, Deloitte, and Arthur Andersen. Josephis a Certified Public Accountant and graduated cum laude from Villanova University with a Bachelor of Science in Accounting.

Keith Banhazl Managing Director, Structured Finance Moody’s Investors Service

Keith Banhazl is a Managing Director within the Structured Finance Group and leads the US CMBS and CRE CDO/CLO Surveillance team that includes Conduit/Fusion,Large Loan/Single Borrower, Credit Tenant Lease, Small Balance Commercial, CRECDO, CRE CLO and other structured products at Moody’s Investors Service.In addition, Mr. Banhazl oversees the review of primary US CRE CDO/CLO transactions, including the credit assessment team for commercial real estate assets within CRE CDO’s and CLO’s as well as Structured Credit transactions. He is also Moody’s Global Structured Finance Outreach Coordinator. He has been involved in various research initiatives and outreach activities related to the CRE securitization space, publishing and speaking on Moody’s behalf.

Prior to being appointed to his current position, Mr. Banhazl was a team leader within the CMBS Surveillance group focusing on Conduit/Fusion and Large Loan/Single Borrower transactions. Previously at Moody’s, he rated various fixed and floating-rate Conduit/Fusion and Large Loan CMBS transactions. Mr. Banhazl has a Bachelor of Arts degree from Brown University in Economics and History.

Peter D’Arcy Area Executive - Head of Commercial Real Estate M&T Bank Corporation

Peter D’Arcy joined M&T Bank in 1995 after graduating from Vassar College.  He currently serves as Area Executive responsible for supervising the Bank’s activities in New York City, Long Island, New Jersey, Philadelphia as well as M&T‘s West Coast Division. In addition, Peter is the head of M&T’s Commercial Real Estate Segment and co-head of the Bank’s Senior Loan Committee. M&T Bank (NYSE: MTB) is a $130 billion commercial bank based in Buffalo,NY. 

Peter was born and raised in New York City, where he attended Loyola High School. Outside of the Bank,Peter is a Trustee of the Citizens Budget Commission of New York (CBC), and serves on the Board of Directors for the Regional Plan Association. Peter resides in Larchmont, NY with his lovely wife and three beautiful daughters.

Jeffrey F. DiModica, CFA President Starwood Property Trust

Jeffrey F. DiModica, CFA, has been the Company’s President since 2014 and served as an external director of the Company from its inception in 2009 to July 2014. In his current role he leads and serves as a member of the investment committee of each of the Company’s business lines including Large Loan Lending, Residential Lending, Infrastructure Lending, Property Investing and Investing & Serving which have a collective $16 billion of assets under management.

From 1993 to 2014, Mr. DiModica served in various investment banking roles at Royal Bank of Scotland (RBS) and Merrill Lynch. Mr. DiModica began his career in the Merchant and Investment Banking Group of the Commercial Real Estate Department at Chemical Bank from 1989 to 1991. Mr. DiModica received a B.S./B.A. degree with distinction and a concentration in Finance from Boston University in 1989, an M.B.A. degree from the Amos Tuck School at Dartmouth College in 1993, and received his Chartered Financial Analyst designation in 1995. Mr. DiModica is an active member of YPO (Young Presidents Organization), serves on the board of Virtual Enterprises International (VEI), a non-profit focused on teaching career and entrepreneurial skills to inner city high school students, and was founding president of www.Mitoaction.org, a support, education and advocacy group for families affected by Mitochondrial Disease. 

Mr. DiModica was honored to be ranked in Commercial Observer’s “The 50 Most Important Figures of Commercial Real Estate Finance” list for the last 5 years, ranking 4th in 2017 and 2nd in 2018.

Andrea Usai Associate Managing Director, North America Banks and Finance Companies Moody's Investors Service

Andrea is responsible for managing Moody’s North America Banks and Specialty Finance Companies teams, comprising 12 analysts based in New York and Toronto. 

Andrea joined Moody’s in 2011 and prior to his current role, he was based in London covering a portfolio of European Global Investment Banks (GIBs), non-GIBsand securities firms, including UK, French and Swedish banks.During his time at Moody’s, he worked on rated firms domiciled in different European countries, both from London and Paris. In addition, he spent six months in Hong Kong where he worked on Asian banks and securities firms.Prior to joining Moody’s, Andrea spent eight years at the UK Financial Services Authority (FSA) in various roles in supervision of banking and non-banking financial institutions. His experience at the UK financial regulator also included an industry secondment to Fidelity International in the UK, and an international second mentto the Autorité de Contrôle Prudentiel (ACP) Banque de France, the Paris-based French banking regulator.

Prior to working at the FSA, Andrea spent three years at Bloomberg Financial Markets in London as an analyst in the Global Data Department, and seven years with Banca Intesa in Italy where he worked as a private banker and as a corporate banker. Andrea holds a degree in Finance and Economics from the University of Cagliari(Italy) and an MSc in International Banking and Finance from London Metropolitan University. Andrea is a native Italian speaker and is fluent in English, French and Spanish.

Ana Arsov Managing Director, Global Investment Banks, Finance Companies and Securities Firms Moody’s Investors Service

Ana Arsov is a Managing Director in the North American banking team responsible for the ratings portfolio and teams covering the global investment banks, non-bank finance companies, and securities firms and market infrastructure entities. Ana also led the development of finance companies, securities firms and clearing houses rating methodologies, and developed the Moody's counterparty risk rating.

Ana joined Moody’s in 2013 with an extensive experience in analyzing financial institutions and managing credit professionals. Prior to joining Moody’s, Ana’s most recent role was at UBS, where she spent the last several years as Executive Director in Credit Risk, responsible for financial institutions including North American banks,broker dealers, exchanges and clearinghouses. Prior to UBS, she was Head of Global Portfolio Management-Credit Risk Management at Morgan Stanley, focusing on comprehensive coverage, identification and analysis of risks across the firm’s trading and lending businesses as well as leading key risk management initiatives for Morgan Stanley Bank N.A.

Ana began her career in Credit Risk Management at Lehman Brothers in various credit risk roles, ultimately heading up the North American Financial Institutions and Structured Finance team, and subsequently worked on Lehman’s bankruptcy resolution.

Ana holds a master’s degree in Management (with a specialization in Financial Services and Banking) from Boston University, and a bachelor’s degree in Business from Pace University, New York.

Warren Kornfeld Senior Vice President, North America Banks and Finance Companies Moody's Investors Service

Warren Kornfeld is a Senior Vice President in Moody’s Financial Institutions Group covering mortgage, credit card, student loan banks and finance companies as well as Government Sponsored Enterprises (FHLBanks, Farm Credit, Fannie and Freddie).

Prior to joining the Financial Institutions Group, Warren was a Managing Director for Structured Finance Administration overseeing key strategic initiatives and prior to that Warren co-headed the Residential Mortgage- Backed Securities (RMBS) team as well as headed up the U.S. Servicer Ratings team.

Warren joined Moody’s in 2001. Prior to Moody’s, Warren held senior investment banking positions with William Blair & Co., The Industrial Bank of Japan and Bickford & Partners focusing on a securitizations of a wide range of asset types, including residential mortgages, equipment lease, auto loan and lease, consumer assets and commercial receivables.

Warren holds a B.S. in Finance and Decision Sciences from the Wharton School of the University of Pennsylvania.

Joseph Pucella Senior Vice President, North America Banks and Specialty Finance Moody's Investors Service

Joseph Pucella is a Senior Vice President on the North American Banking and Finance Teams. Joseph covers a portfolio of US regional and community banks, Federal Home Loan Banks, non-bank commercial real estate lenders and business development companies. He joined Moody’s in 2004 as an accounting specialist. 

Prior to joining Moody’s, Joseph held positions at Credit Suisse, Deloitte, and Arthur Andersen. Josephis a Certified Public Accountant and graduated cum laude from Villanova University with a Bachelor of Science in Accounting.

Mark Wasden Senior Vice President, North America Finance Companies Moody's Investors Service

Mark Wasden is a Senior Vice President in the Financial Institutions Group. Based in New York, Mark oversees the ratings of a portfolio of US commercial finance companies, including commercial aircraft leasing companies, business development companies (BDCs), non bank commercial real estate lenders, and equipment leasing companies.

Prior to joining Moody’s in 2004, Mark was a director in Bank One’s large corporate banking division in Chicago, where he covered finance companies as a senior underwriter. During his 15-year career in commercial banking, Mark held positions in relationship management, credit management, and professional development.

Mark holds a Masters of Business Administration from the University of Michigan anda Bachelor of Science in Economics from Brigham Young University

Gene Berman Assistant Vice President-Analyst, North America Finance Companies Moody's Investors Service

Gene Berman is an Assistant Vice President - Analyst with the Financial Institutions Group covering mortgage and finance companies. Prior to joining the Financial Institutions Group, Gene was a member of the Servicer Quality Team within Moody’s Structured Finance Group. In this position, he had primary responsibility for analysis and assessment of servicers in both mortgage and non-mortgage ABS asset classes.Gene joined Moody’s Investors Service in June 2005. 

Prior to joining Moody’s, Gene helped Kodak grow its nascent business in Russia by managing its Professional Products Division.Gene holds an MBA from The Stern School of Business at New York University

Inna Bodeck Vice President - Analyst, North America Finance Companies Moody's Investors Service

Inna Bodeck is a Vice President- Senior Analyst in the Financial Institutions Group.Based in New York, she is responsible for the ratings of the companies in the automotive captive sector as well as companies engaged in commercial aircraft leasing.

Prior to this role, Inna was an Assistant Vice President in the High Yield Corporate Finance Group. She was responsible for the coverage of high yield automotive suppliers and aftermarket players as well as manufacturing companies. In earlier roles with Moody’s, she has also covered North American investment grade and high yield consumer packaged goods companies.Prior to Moody’s, Inna worked at J.P. Morgan and UBS Investment Bank in various investment banking roles where she structured and executed debt financing transactions for corporate companies as well as alternative asset managers. 

She holds a Masters of Business Administration from the Emory University and a Bachelor in Finance from the Southern Illinois University.

Sadia Nabi Assistant Vice President, North America Banks and Finance Companies Moody's Investors Service

Sadia covers a portfolio of US regional banks and finance companies and joined Moody’s in 2020. Prior to joining Moody’s, Sadia held positions at the International Fund for Agricultural Development, the Federal Reserve Bank of New York, and the Bank of Scotland.

Bruno Baretta Analyst, North America Finance Companies Moody's Investors Service

Bruno Baretta is an Analyst in the Financial Institutions Group. He currently covers a portfolio of finance companies including payday, subprime auto, and middle market lenders.

Prior to joining the Finance Companies team, Bruno worked as an Associate Analyst covering a portfolio of finance companies, securities firms and global investment banks.

Bruno holds a bachelor’s degree in Economics and Political Science from Columbia University.

Kelly S. King Chairman and Chief Executive Officer Truist Financial

Kelly S. King is chairman and chief executive officer of Truist Financial Corporation, the nation’s premier financial services company serving approximately 12 million households.

King began his career in 1972, joining the Management Development Program of Truist predecessor BB&T. His career at BB&T included leadership roles in commercial and retail banking, operations, insurance, corporate financial services, investment services and capital markets. He served as chief operating officer of BB&T Corporation and Branch Banking and Trust Company from June 2004 to December 2008 and president of BB&T Corporation from 1996 to June 2004. He was named president and chief executive officer of BB&T Corporation and chairman and chief executive officer of Branch Banking & Trust Company in January 2009 and became chairman of BB&T in January 2010. In December 2019, he became chairman and chief executive officer of Truist Financial Corporation, created through the merger of equals between BB&T Corporation and SunTrust Banks Inc.

King served on the Federal Advisory Council of the Federal Reserve System from 2013 to 2016, and he served as its president in 2016. He also served on the board of the Federal Reserve Bank of Richmond from 2009 to 2012. King serves on the board of the Financial Services Roundtable and has served on the board of The Clearing House since 2009. He is a board member for BEST NC and a member of the National Leadership Advisory Council for High Point University.

King has served as chairman of the North Carolina Bankers Association board, chairman of the North Carolina Rural Economic Center, chairman of the North Carolina Small Business and Technology Development Center and chairman of the Forsyth County United Way Tocqueville Leadership Society. He has also served as chairman of East Carolina University’s Board of Visitors and is the former chairman of the Board of the Piedmont Triad Partnership and a former vice-chairman of the American Bankers Council.

A native of North Carolina, King earned a bachelor’s degree in business administration and a master’s in business administration from East Carolina University. He is a graduate of the Stonier Graduate School of Banking at Rutgers University.

Allen Tischler Senior Vice President, North America Banks Moody's Investors Service

Allen Tischler is a senior member of Moody’s North American Banking Team covering a broad portfolio of US regional banks and custody banks. He is also Moody’s lead analyst on the Federal Farm Credit Banks and a number of Federal Home Loan Banks.Allen joined the team in 1999 as an Associate Analyst.

Prior to joining Moody’s, Allen completed a Management Associate program with the Dun & Bradstreet Corporation. 

Allen holds a B.A. degree from Michigan State University and an M.B.A. from the University of Chicago.

Celina Vansetti-Hutchins Managing Director, Americas Banking Moody's Investors Service

Maria Celina R. Vansetti Hutchins is the Managing Director responsible for bank ratings in the Americas. In this capacity, Celina leads teams in Canada, the U.S., and in Latin America, with responsibility for roughly 250 ratings of financial institutions. 

Prior to her current role she was the Managing Director for Latin American bank ratings.Celina joined Moody’s in 1997 as the lead analyst for Brazilian banks.Prior to joining Moody’s, Celina spent 16 years with Citibank, N.A. and was a Vice President in the Latin America Financial Institutions Division, in New York. She served in various lending and credit capacities at Citibank Corporate Banking and Financial Institutions Group in Brazil and the U.S.Mrs. Vansetti Hutchins holds a Master’s degree from Fundação Getúlio Vargas and aB.A. in Agricultural Engineering from Universidade de Sao Paulo, Brazil.

Andrea Usai Associate Managing Director, North America Banks and Finance Companies Moody's Investors Service

Andrea is responsible for managing Moody’s North America Banks and Specialty Finance Companies teams, comprising 12 analysts based in New York and Toronto. 

Andrea joined Moody’s in 2011 and prior to his current role, he was based in London covering a portfolio of European Global Investment Banks (GIBs), non-GIBsand securities firms, including UK, French and Swedish banks.During his time at Moody’s, he worked on rated firms domiciled in different European countries, both from London and Paris. In addition, he spent six months in Hong Kong where he worked on Asian banks and securities firms.Prior to joining Moody’s, Andrea spent eight years at the UK Financial Services Authority (FSA) in various roles in supervision of banking and non-banking financial institutions. His experience at the UK financial regulator also included an industry secondment to Fidelity International in the UK, and an international second mentto the Autorité de Contrôle Prudentiel (ACP) Banque de France, the Paris-based French banking regulator.

Prior to working at the FSA, Andrea spent three years at Bloomberg Financial Markets in London as an analyst in the Global Data Department, and seven years with Banca Intesa in Italy where he worked as a private banker and as a corporate banker. Andrea holds a degree in Finance and Economics from the University of Cagliari(Italy) and an MSc in International Banking and Finance from London Metropolitan University. Andrea is a native Italian speaker and is fluent in English, French and Spanish.

Joseph Pucella Senior Vice President, North America Banks and Specialty Finance Moody's Investors Service

Joseph Pucella is a Senior Vice President on the North American Banking and Finance Teams. Joseph covers a portfolio of US regional and community banks, Federal Home Loan Banks, non-bank commercial real estate lenders and business development companies. He joined Moody’s in 2004 as an accounting specialist. 

Prior to joining Moody’s, Joseph held positions at Credit Suisse, Deloitte, and Arthur Andersen. Josephis a Certified Public Accountant and graduated cum laude from Villanova University with a Bachelor of Science in Accounting.

Allen Tischler Senior Vice President, North America Banks Moody's Investors Service

Allen Tischler is a senior member of Moody’s North American Banking Team covering a broad portfolio of US regional banks and custody banks. He is also Moody’s lead analyst on the Federal Farm Credit Banks and a number of Federal Home Loan Banks.Allen joined the team in 1999 as an Associate Analyst.

Prior to joining Moody’s, Allen completed a Management Associate program with the Dun & Bradstreet Corporation. 

Allen holds a B.A. degree from Michigan State University and an M.B.A. from the University of Chicago.

Rita Sahu Vice President - Senior Credit Officer, North America Banks Moody's Investors Service

Rita Sahu is a Vice President - Senior Credit Officer in the Financial Institutions Group of Moody’s Investors Service, covering a portfolio of US banks. She joined Moody’s in 2003 as an Associate Analyst and has had lead analytical responsibilities since 2005.

Before joining Moody’s, Rita held positions with J.P. Morgan, primarily in counter party credit risk management, where she was responsible for monitoring and reporting on the firm’s global trading activities. Prior to J.P. Morgan, she was a compliance officer at Republic National Bank of New York. Rita began her career as a bank examiner for large regional and community banks with the Office of the Comptroller of the Currency.

Rita holds a BS in accounting from Rutgers University and an MBA in finance from Columbia Business School.

Megan Fox Assistant Vice President - Analyst, North America Banks Moody's Investors Service

Megan Fox is an AVP - Analyst in the Financial Institutions Group of Moody’s Investors Service covering a portfolio of US regional banks. She joined Moody’s in 2011 as an Associate Analyst.

Prior to joining Moody’s, Mrs. Fox held positions with Freddie Mac, primarily within the Finance department. She holds a B.A. in economics and political science from the University of Delaware.

Sadia Nabi Assistant Vice President, North America Banks and Finance Companies Moody's Investors Service

Sadia covers a portfolio of US regional banks and finance companies and joined Moody’s in 2020. Prior to joining Moody’s, Sadia held positions at the International Fund for Agricultural Development, the Federal Reserve Bank of New York, and the Bank of Scotland.

Thomas E. Flynn Chief Financial Officer BMO Financial Group

Tom Flynn joined BMO Financial Group in 1992 and served in a number of roles within the BMO Capital Markets business, including Head of the Financial Services Corporate and Investment Banking Group. He was named Executive Vice-President Finance and Treasurer of the Bank in 2004 and served as Executive Vice-President and Chief Risk Officer from March 2008 until March 2011, when he was appointed Chief Financial Officer. In this role, he is responsible for financial governance and reporting, treasury and capital management, corporate development, investor relations, taxation and media and government relations across the Bank of Montreal group of companies.

Tom is on the board of Sunnybrook Health Sciences Centre and a member of the campaign leadership cabinet for the United Way of Greater Toronto.

Tom obtained his MBA from the Ivey School of Business at the University of Western Ontario and has his CA/CPA designation.

David Beattie Senior Vice President, North America Banks & Insurance Moody's Investors Service

David Beattie is a Senior Vice President in Moody’s North American Financial Institutions Group, and is the Lead Analyst for the major Canadian banks and life insurers. David joined Moody’s in 2011, prior to which he had a lengthy career in financial services. David has held a series of increasingly responsible positions in retail banking, corporate banking and investment banking with a number of Canadian and international banks, most latterly with TD Securities as Head of Financial Institutions Investment Banking.

David holds an MBA from The University of Western Ontario and a BA from Carleton University.

Andrea Usai Associate Managing Director, North America Banks and Finance Companies Moody's Investors Service

Andrea is responsible for managing Moody’s North America Banks and Specialty Finance Companies teams, comprising 12 analysts based in New York and Toronto. 

Andrea joined Moody’s in 2011 and prior to his current role, he was based in London covering a portfolio of European Global Investment Banks (GIBs), non-GIBsand securities firms, including UK, French and Swedish banks.During his time at Moody’s, he worked on rated firms domiciled in different European countries, both from London and Paris. In addition, he spent six months in Hong Kong where he worked on Asian banks and securities firms.Prior to joining Moody’s, Andrea spent eight years at the UK Financial Services Authority (FSA) in various roles in supervision of banking and non-banking financial institutions. His experience at the UK financial regulator also included an industry secondment to Fidelity International in the UK, and an international second mentto the Autorité de Contrôle Prudentiel (ACP) Banque de France, the Paris-based French banking regulator.

Prior to working at the FSA, Andrea spent three years at Bloomberg Financial Markets in London as an analyst in the Global Data Department, and seven years with Banca Intesa in Italy where he worked as a private banker and as a corporate banker. Andrea holds a degree in Finance and Economics from the University of Cagliari(Italy) and an MSc in International Banking and Finance from London Metropolitan University. Andrea is a native Italian speaker and is fluent in English, French and Spanish.

David Beattie Senior Vice President, North America Banks & Insurance Moody's Investors Service

David Beattie is a Senior Vice President in Moody’s North American Financial Institutions Group, and is the Lead Analyst for the major Canadian banks and life insurers. David joined Moody’s in 2011, prior to which he had a lengthy career in financial services. David has held a series of increasingly responsible positions in retail banking, corporate banking and investment banking with a number of Canadian and international banks, most latterly with TD Securities as Head of Financial Institutions Investment Banking.

David holds an MBA from The University of Western Ontario and a BA from Carleton University.

Jason Mercer Vice President - Senior Analyst, North America Banks & Insurance Moody's Investors Service

Jason is a Vice President-Senior Analyst in Moody’s North American Financial Institutions Group and is the lead analyst for Canadian regional banks, pension managers, property and casualty insurers, and crown corporations. Jason is also the lead analyst for a portfolio of US regional banks. Jason joined Moody’s in 2014.

Jason had previously worked for Toronto-Dominion Bank, Sunlife Financial and Bank of Montreal. He also spent nearly a decade with the Office of the Superintendent of Financial Institutions (OSFI); the country’s national banking and insurance regulator.During his tenure at OSFI, Jason was the Operations Manager of the large bank and insurance supervision group from 2007 until 2011. He also gained international regulatory knowledge from briefings with the Office of the Comptroller of the Currency in Washington, D.C. and the Basel Committee on Banking Supervision in Switzerland. 

Jason has a Master’s of Business Administration from Wilfred Laurier University in Waterloo, Canada and a Bachelor of Commerce from Carleton University in Ottawa,Canada. He is also a Chartered Financial Analyst and a Chartered Professional Accountant.

Donald Robertson Senior Vice President, North America Banks and Securities Firms Moody's Investors Service

Donald Robertson is a lead analyst for global investment banks, securities firms and clearing houses, within Moody’s Financial Institutions Group. In this role he has responsibility for the ratings of a number of US and European banks, exchange operators, electronic market makers and clearing houses. Donald was the lead author of Moody’s rating methodologies for Securities Industry Market Makers and Securities Industry Service Providers, and played an integral role in their development and implementation. Donald is routinely involved in managing and contributing to special projects, including organizing Moody’s annual North American banking and finance conference.

Donald joined Moody’s in 2007 as an accounting specialist in Moody’s Enhanced Analytics Group. In this role, he originally focused on various non-financial corporate sectors, publishing research on complex financial reporting topics and helping educate Moody’s analysts on matters of accounting and financial reporting. Donald subsequently transitioned into Moody’s Financial Institutions Group to lead the development of Moody’s cross-sector rating methodology for Financial Statement Adjustments in the Analysis of Financial Institutions and helped develop and implement Moody’s system for capturing, adjusting and analyzing banks’ financial reporting. In 2013, Donald transitioned to a lead analyst role, and in that capacity he has covered most rated US securities firms.

Prior to joining Moody’s, Donald was a Director of Financial Audit at Siemens Corporation, responsible for leading a team conducting IFRS and US GAAP audits in the Americas’ region. Donald started his career at PwC, in the firm’s Glasgow, UK office. In 1998, he transferred to the New York Metro region, and was an audit manager with a client base in the pharmaceutical industry.

Donald is a CA and CPA (inactive), and holds an undergraduate degree from the University of Glasgow.

Tom Wipf Vice Chairman of Institutional Securities Morgan Stanley

Tom Wipf is Vice Chairman of Institutional Securities.

Tom is responsible for Morgan Stanley’s transition efforts to alternative reference rates to replace LIBOR through the firm’s Global LIBOR Transition Steering Committee. This group, spanning ISG, Wealth Management and Investment Management, will ensure that all businesses and infrastructure organizations have a consistent set of Firm-level guidelines, their own transition plans and accountability for transition readiness before year-end 2021.

Tom most recently led the firm’s Global Business Continuity Management Organization, which is responsible for strategic planning and risk management for potential cyber and physical disruptions. He is a member of the firm’s Securities Operating Committee, Risk Management Committee and Asset/ Liability Management Committee.

Prior to being named Vice Chairman, Tom was the Global Head of the Bank Resource Management Division where he was responsible for the firm's secured funding, securities lending, global hedging and collateral management activities.

Beginning his career in the industry in 1977, Tom joined Morgan Stanley in 1986 and has been engaged in the Firm’s funding, collateral and hedging activities throughout his career at the firm. Based in New York, Tom has also completed multi-year assignments in Morgan Stanley’s London and Tokyo offices.

In April, 2019, Tom was named Chair of the Alternative Reference Rates Committee (ARRC) by the Federal Reserve Board. The ARRC is a group of private-market participants convened to help ensure a successful transition from USD LIBOR to a more robust reference rate. 

Tom was appointed Chair of the US Commodity Futures Trading Commission’s Market Risk Advisory Committee (MRAC) Interest Rate Benchmark Reform Subcommittee in October, 2018.

Tom served as Chair of the Treasury Market Practices Group (TMPG) until May 2019. The TMPG is sponsored by the New York Federal Reserve and is an industry group committed to supporting the integrity and efficiency of the U.S. Treasury and Agency Mortgage Securities Markets. 

Tom serves on the board of directors of International Swaps and Derivatives Association, Inc. (ISDA). Tom was appointed to the Alternative Reference Rate Committee, sponsored by the Board of Governors of the Federal Reserve in 2014. Tom previously served on the Financial Research Advisory Committee to the US Treasury Office of Financial Research from 2012 to 2017.

Mark Zandi Chief Economist Moody's Analytics

Mark M. Zandi is chief economist of Moody’s Analytics, where he directs economic research. Moody’s Analytics, a subsidiary of Moody’s Corp., is a leading provider of economic research, data and analytical tools. Dr. Zandi is a co founder of the company Economy.com, which Moody’s purchased in 2005.

Dr. Zandi’s broad research interests encompass macroeconomics, financial market sand public policy. His recent research has focused on mortgage finance reform and the determinants of mortgage foreclosure and personal bankruptcy. He has analyzed the economic impact of various tax and government spending policies and assessed the appropriate monetary policy response to bubbles in asset markets.

A trusted adviser to policymakers and an influential source of economic analysis for businesses, journalists and the public, Dr. Zandi frequently testifies before Congress on topics including the economic outlook, the nation’s daunting fiscal challenges, the merits of fiscal stimulus, financial regulatory reform, and foreclosure mitigation.

Dr. Zandi conducts regular briefings on the economy for corporate boards, trade associations and policymakers at all levels. He is on the board of directors of MGIC,the nation’s largest private mortgage insurance company, and The Reinvestment Fund, a large CDFI that makes investments in disadvantaged neighborhoods. He is often quoted in national and global publications and interviewed by major news media outlets, and is a frequent guest on CNBC, NPR, Meet the Press, CNN, and various other national networks and news programs.

Dr. Zandi is the author of Paying the Price: Ending the Great Recession and Beginning a New American Century, which provides an assessment of the monetary and fiscal policy response to the Great Recession. His other book, Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis, is described by the New York Times as the“clearest guide” to the financial crisis.Dr. Zandi earned his B.S. from the Wharton School at the University of Pennsylvania and his PhD at the University of Pennsylvania. He lives with his wife and three children in the suburbs of Philadelphia.

Anamaria Pieschacon Director and Head of Model Validation for Consumer Credit Risk Moody’s Analytics

Anamaria Pieschacon is a Director and global Head of Model Validation for Consumer Credit Risk at Moody’s Analytics. She is responsible for leading validation projects around the world and contributes to the business strategy for the Economics business. Anamaria has specialized expertise in credit risk model validation and development, energy economics, and macroeconomic forecasting. Anamaria and the Moody’s Analytics team were recognized by Chartis Research as a Category Leader in Model Validation solutions in 2019 and 2020. Before joining Moody’s Analytics, Anamaria was a vice president in the Global Investment Research division at Goldman Sachs in New York. Anamaria holds an MA and PhD in Economics from Duke University (USA).

Ana Arsov Managing Director, Global Investment Banks, Finance Companies and Securities Firms Moody’s Investors Service

Ana Arsov is a Managing Director in the North American banking team responsible for the ratings portfolio and teams covering the global investment banks, non-bank finance companies, and securities firms and market infrastructure entities. Ana also led the development of finance companies, securities firms and clearing houses rating methodologies, and developed the Moody's counterparty risk rating.

Ana joined Moody’s in 2013 with an extensive experience in analyzing financial institutions and managing credit professionals. Prior to joining Moody’s, Ana’s most recent role was at UBS, where she spent the last several years as Executive Director in Credit Risk, responsible for financial institutions including North American banks,broker dealers, exchanges and clearinghouses. Prior to UBS, she was Head of Global Portfolio Management-Credit Risk Management at Morgan Stanley, focusing on comprehensive coverage, identification and analysis of risks across the firm’s trading and lending businesses as well as leading key risk management initiatives for Morgan Stanley Bank N.A.

Ana began her career in Credit Risk Management at Lehman Brothers in various credit risk roles, ultimately heading up the North American Financial Institutions and Structured Finance team, and subsequently worked on Lehman’s bankruptcy resolution.

Ana holds a master’s degree in Management (with a specialization in Financial Services and Banking) from Boston University, and a bachelor’s degree in Business from Pace University, New York.

Brian Moynihan Chairman of the Board and Chief Executive Officer Bank of America

Brian Moynihan leads a team of more than 200,000 employees dedicated to making financial lives better for people, companies of every size, and institutional investors across the United States and around the world.  

In 2019, Bank of America was the only financial services company on Fortune magazine’s list of The Best Big Companies to Work For. Euromoney recognized Bank of America in 2018 as the World’s Best Bank and the World’s Best Bank for Diversity and Inclusion, as part of their annual Global Awards for Excellence. Bank of America is recognized as a top employer by Working Mother magazine and Military Times and by JUST Capital as the #1 most JUST company out of “Banks” industry. The company is also listed on Fortune magazine’s list of the Best Workplaces for Diversity and the Best Workplaces for Parents. It was also named one of the Best Places to Work for Disability Inclusion by the U.S. Business Leadership Network and the American Association of People with Disabilities. Bank of America was also named the 2019 Catalyst Award winner, honored for supporting the continued development, empowerment and advancement of women in the company and around the world. 

Moynihan participates in several organizations that focus on economic and market trends, including as chairman of the World Economic Forum International Business Council, the Financial Services Forum, the Bank Policy Institute (chair), the Business Roundtable, the Clearing House, the American Heart Association CEO Roundtable (co-chair) and the Business Council. He is a member of the Federal Advisory Council of the Federal Reserve Board.  

Moynihan leads the company’s Global Diversity and Inclusion Council and is a member of the museum council for the Smithsonian’s National Museum of African American History and Culture. Moynihan is also a member of the Brown University Corporation's Board of Fellows, the Catalyst Board of Directors, the Council on Competitiveness Board of Directors, the Congressional Medal of Honor Foundation Board and the Appeal of Conscience Board of Trustees.  

Moynihan works with public officials, businesses and civic leaders at the local level through his participation on the Charlotte Executive Leadership Council (chair), the Massachusetts Competitive Partnership and the Partnership for Rhode Island.   

Ana Arsov Managing Director, Global Investment Banks, Finance Companies and Securities Firms Moody’s Investors Service

Ana Arsov is a Managing Director in the North American banking team responsible for the ratings portfolio and teams covering the global investment banks, non-bank finance companies, and securities firms and market infrastructure entities. Ana also led the development of finance companies, securities firms and clearing houses rating methodologies, and developed the Moody's counterparty risk rating.

Ana joined Moody’s in 2013 with an extensive experience in analyzing financial institutions and managing credit professionals. Prior to joining Moody’s, Ana’s most recent role was at UBS, where she spent the last several years as Executive Director in Credit Risk, responsible for financial institutions including North American banks,broker dealers, exchanges and clearinghouses. Prior to UBS, she was Head of Global Portfolio Management-Credit Risk Management at Morgan Stanley, focusing on comprehensive coverage, identification and analysis of risks across the firm’s trading and lending businesses as well as leading key risk management initiatives for Morgan Stanley Bank N.A.

Ana began her career in Credit Risk Management at Lehman Brothers in various credit risk roles, ultimately heading up the North American Financial Institutions and Structured Finance team, and subsequently worked on Lehman’s bankruptcy resolution.

Ana holds a master’s degree in Management (with a specialization in Financial Services and Banking) from Boston University, and a bachelor’s degree in Business from Pace University, New York.

Laurie Mayers Associate Managing Director, Global Investment Banks and European Banks Moody’s Investors Service

Laurie Mayers is an Associate Managing Director in Moody’s European Banking team. Laurie has responsibility for the analytical teams covering bank and non-bank financial institutions in the UK and Ireland as well as for the global investment banks located in EMEA and North America. Leveraging her risk and regulatory background, she also provides leadership within the Financial Institutions business unit on the cross jurisdictional implications for banks of the implementation of Basel III, the BRRD and TLAC/MREL requirements, UK ring fencing and Brexit. 

Prior to Moody’s, Laurie’s most recent role was Manager of the Capital Management Team at the UK Financial Services Authority (now the Prudential Regulation Authority), where she had responsibility for Pillar 2 capital assessments and firm-wide stress testing for the largest UK banks and building societies.

Laurie’s previous roles include Partner, Risk and Regulatory Advisory, Ernst & Young, Group Head of Basel 2 and a member of the Group Risk Executive Team at RBS, Global Head of Counterparty Credit Risk at RBS and previously, Principal and EMEA Head of Credit for Morgan Stanley International. Laurie began her career at as a staff economist at the New York Mercantile Exchange , and subsequently worked as a lending officer in the Commodity Finance Division at Chase Manhattan Bank following completion of their credit analyst training programme.

Laurie holds a Master’s Degree in International Affairs (with a specialisation in International Economics) from Columbia University SIPA and a Bachelor’s Degree in Political Economy from Williams College, Williamstown, Massachusetts.

David Fanger Senior Vice President, North America Banks and Securities Firms Moody's Investors Service

Mr. Fanger has been with Moody’s since 1995 as a member of Moody’s Financial Institutions Group. In June 2008 he returned to Moody’s Global Banking team after serving as Chief Credit Officer for Moody’s Financial Institutions Group for 2 ½ years.He currently has lead or co lead analytic responsibilities for a number of large universal banks and securities firms headquartered in Europe and the U.S., and also provides guidance and support to other analysts covering similar institutions to help ensure consistency in Moody’s analysis and ratings of these complex firms. Mr. Fanger also continues to support Moody’s Credit Policy function through his participation on a variety of standing committees and special projects.

Mr. Fanger has previously served as Regional Credit Officer for the Americas Banking team and the Finance and Securities team at Moody’s, and has been lead analyst on a wide range of banks, thrifts, and credit card companies on those teams.Prior to joining Moody’s Mr. Fanger worked at the Federal Reserve Bank of New York in Banking Supervision, and also served a brief stint at the Federal Reserve Bank of San Francisco. 

Mr. Fanger has a Masters in Public Policy from Harvard University’s Kennedy School of Government where he concentrated in Business and Government Relations, and a B.A. from Colby College where he majored in Economics and Government.

Peter Nerby CFA, Senior Vice President, North America Banks and Securities Firms Moody's Investors Service

Since joining Moody’s in November 1998, Peter Nerby has been responsible for analyzing and rating the investment banks, broker-dealers and exchanges within the U.S. securities industry. Peter is currently lead analyst covering Citigroup, Deutsche Bank and JPMorgan Chase. Peter came to the company with more than 15 years’ of experience in corporate finance, credit, and counter party analysis. 

Prior to joining Moody’s, he led a team at Deutsche Bank that was responsible for managing the bank’s exposure to U.S. broker dealers. He also spent 12 years at JPMorgan and after completing JPM’s management training program, specialized in managing trading and derivatives counter party risk with regulated financial institutions and hedge funds.

Mr. Nerby holds a B.A. in Business Administration from the Richard Ivey School of Business at the University of Western Ontario. After graduation, he spent a year writing case studies on financial strategies of Canadian natural resource companies for use in the School’s graduate and undergraduate programs. He is a Chartered Financial Analyst.

Donald Robertson Senior Vice President, North America Banks and Securities Firms Moody's Investors Service

Donald Robertson is a lead analyst for global investment banks, securities firms and clearing houses, within Moody’s Financial Institutions Group. In this role he has responsibility for the ratings of a number of US and European banks, exchange operators, electronic market makers and clearing houses. Donald was the lead author of Moody’s rating methodologies for Securities Industry Market Makers and Securities Industry Service Providers, and played an integral role in their development and implementation. Donald is routinely involved in managing and contributing to special projects, including organizing Moody’s annual North American banking and finance conference.

Donald joined Moody’s in 2007 as an accounting specialist in Moody’s Enhanced Analytics Group. In this role, he originally focused on various non-financial corporate sectors, publishing research on complex financial reporting topics and helping educate Moody’s analysts on matters of accounting and financial reporting. Donald subsequently transitioned into Moody’s Financial Institutions Group to lead the development of Moody’s cross-sector rating methodology for Financial Statement Adjustments in the Analysis of Financial Institutions and helped develop and implement Moody’s system for capturing, adjusting and analyzing banks’ financial reporting. In 2013, Donald transitioned to a lead analyst role, and in that capacity he has covered most rated US securities firms.

Prior to joining Moody’s, Donald was a Director of Financial Audit at Siemens Corporation, responsible for leading a team conducting IFRS and US GAAP audits in the Americas’ region. Donald started his career at PwC, in the firm’s Glasgow, UK office. In 1998, he transferred to the New York Metro region, and was an audit manager with a client base in the pharmaceutical industry.

Donald is a CA and CPA (inactive), and holds an undergraduate degree from the University of Glasgow.