Moody's promotes Daniel Gates to head of corporate finance group

By Angela McDaniels

Seattle, Sept. 27 - Moody's Investors Service has appointed Daniel Gates as the new chief credit officer of the agency's corporate finance group in the Americas, according to an agency news release.

Gates will be responsible for maintaining credit standards, rating quality, corporate rating methodologies and portfolio monitoring for the group.

He most recently worked as team managing director of Moody's utilities and project finance team. Gates joined Moody's as a senior analyst for the oil and gas industry in 1997 after 15 years with the Bank of New York, where he was a vice president and group head in the energy industries division. He has also worked on Moody's leveraged finance team.

The agency promoted William Hess to fill the team managing director position of Moody's utilities and project finance team in the Americas. Hess joined Moody's retail and consumer products team in January 2003 after more than 25 years at Bank of America, where he was a managing director in the leveraged finance group.

Gates replaces Pamela Stumpp, who is leaving Moody's to join Pallium Investment Management after 11 years with the rating agency, five of which were as chief credit officer of Moody's corporate finance group in the Americas.

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