NEW YORK - Thursday, November 19th 2015 [ME NewsWire]
(BUSINESS WIRE)-- Moody’s Corporation (NYSE:MCO) is pleased to announce that Dr. Richard Cantor, Chief Risk Officer of Moody’s Corporation and Chief Credit Officer for Moody’s Investors Service, has been named to the APEC (Asia-Pacific Economic Cooperation) Business Advisory Council. Dr. Cantor will be one of the three US business community members on the Council and will begin his term in 2016.
“I am honored to have been appointed to APEC’s Business Advisory Council, and I look forward to working alongside distinguished colleagues to help promote healthy and vibrant growth across the APEC economies,” said Dr. Cantor. “As a leading financial services company with a deep understanding of capital markets, Moody’s will engage through the Council on the wide spectrum of issues relevant to the further development of capital markets in the region.”
Dr. Cantor will serve with counterparts from twenty other economies to advise APEC leaders on issues affecting the Asia-Pacific region. The APEC Business Advisory Council (ABAC), created by APEC Leaders in 1995, consists of three business representatives from each APEC economy chosen by their respective heads of state. ABAC meets quarterly to discuss policy recommendations, undertake activities to promote trade and investment, and reports directly to the APEC Leaders at an annual dialogue each fall.
As Chief Risk Officer, Dr. Cantor leads Moody’s Corporation’s global risk management function. He also leads the Credit Policy Group of Moody’s Investors Service, which provides oversight for credit ratings methodologies worldwide.
Prior to joining Moody’s in 1997, Dr. Cantor held a variety of positions at the Federal Reserve Bank of New York, including in the Capital Markets Group and the Discount Window, and was an adjunct professor at New York University’s and Columbia University’s business schools. He has also taught Economics at UCLA and Ohio State Universities. He holds BA degrees in English and Economics from Tufts University and a PhD in Economics from Johns Hopkins University.
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s Corporation (NYSE:MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The corporation, which reported revenue of $3.3 billion in 2014, employs approximately 10,200 people worldwide and maintains a presence in 35 countries. Further information is available at www.moodys.com.
Michael Adler, 212-553-4667
Senior Vice President
Salli Schwartz, 212-553-4862
Global Head of Investor Relations