Standard & Poor's hires former Crisil CEO as managing director and region head in South Asia

By Devika Patel

Knoxville, Tenn., July 27 - Standard & Poor's has appointed R. Ravimohan managing director and region head in South Asia.

Ravimohan currently is managing director and chief executive officer of Crisil, India's ratings, research, risk and policy advisory company. He will continue to be a director on Crisil's board.

Ravimohan has been Crisil's managing director and CEO since 1994. He is a member of the Securities and Exchange Board of India's advisory committee, a member of the Reserve Bank of India's technical advisory committee, member of the Central Electricity Regulatory Commission of India, chairman of the Best Practices Committee and a member of the Association of Credit Rating Agencies in Asia's board of directors.

In his new role, Ravimohan will lead Standard & Poor's businesses and operations in South Asia, an area that includes the markets of India, Pakistan, Bangladesh, Sri Lanka, Mauritius, Maldives and The Seychelles.

"India is a critical market for Standard & Poor's and is becoming central to our operations worldwide with over a third of the global head count. We aim to be the leading provider of information and insights on global financial markets to Indian issuers and investors, and of intelligence about Indian markets to our international customers. Ravimohan's exceptional experience and standing in the financial community makes him the ideal person to drive forward our activities in this exciting market in partnership with Crisil," Standard & Poor's president Kathleen Corbet said in a press release.

Ravimohan will be succeeded by Roopa Kudva, currently Crisil's executive director and chief rating officer, as the company's managing director and CEO. Both appointments take effect immediately.

Kudva has worked 15 years with Crisil and seven years heading its ratings business, the market leader in India.

Standard & Poor's also announced that Dr. Subir Gokarn, currently Crisil's chief economist, will take on the additional role of Standard & Poor's chief economist in Asia-Pacific. He will be responsible for shaping Standard & Poor's macro-economic views in Asia Pacific and expanding its research and commentary on the region's rapidly growing economies.

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