Crisil managing director & chief executive officer R Ravimohan will now move to Standard & Poor?s (S&P) as its managing director & region head for South Asia. Executive director & chief rating officer Roopa Kudva has been elevated and will be the new MD & CEO at Crisil.
Both the positions take effect immediately, according to an official communiqu?.
Ravimohan continues to remain on the Crisil board as full-time director, while Kudva has been inducted into the board as whole-time director, the release said.
Subhir Gokarn, chief economist, Crisil, has been given the additional role of chief economist, Asia-Pacific region of S&P. He would now be responsible for S&P?s macro-economic views on the region. He has also been appointed chairman of the newly-constituted Crisil Knowledge & Innovation Council.
Ravimohan?s new area of focus would include the South Asian countries of India, Pakistan, Bangladesh, Sri Lanka, Mauritius, Maldives and the Seychelles.
Ravimohan is also a member of various committees like the advisory committee of the Securities & Exchange Board of India, and the technical advisory committee of Reserve Bank of India.
?India is a critical market for S&P and is becoming central to our operations worldwide with over a third of the global headcount. We aim to be the leading provider of information and insight on global financial markets to Indian issuers and investors, and of intelligence about Indian markets to our international customers,? said Kathleen Corbet, president of S&P.
Kudva said, ?We have market leadership positions in our ratings, research and off-shoring businesses and a strong management team. We are well positioned to take advantage of the tremendous opportunities for growth that the current business environment has to offer. Our continued focus will be on offering innovative and high quality services to our customers and exciting career opportunities to our highly talented people.?