Speaking on the appointment, Mr. Yu-Tsung Chang, Executive Managing Director, Asia-Pacific Ratings, said, âMs. Smith is noted for her high standards of client service and thought leadership. Her deep experience with Standard & Poorâs as an analytical leader and her strong understanding of a cross-section of industries make her ideally placed to address the growing demands of the South and Southeast Asia region.â
Ms. Smith, a 13-year Standard & Poorâs veteran, recently relocated to Mumbai from New York where she held senior managerial and analytical positions in project finance, energy and utility ratings and risk management for financial institutions. Ms. Smith brings both a global and regional credit perspective to her new leadership role, including strong knowledge of Asian markets, especially Greater China where she was based for several years.
âSuzanneâs appointment will help further strengthen the analytical excellence of Standard & Poor's Ratings Services in India, which serves as a hub to support cross-border ratings activities across both South and Southeast Asia,â said Mr. R. Ravimohan, Managing Director and Region Head, South and Southeast Asia. âThis appointment also underscores our strong position in and commitment to the Southeast Asia region, in line with the recent launch of the Standard & Poor's ASEAN credit rating scale.â
With the continuing development and growth of the financial markets in Asia-Pacific, the South and Southeast Asia regions have become increasingly important for Standard & Poorâs. The South Asia region has witnessed tremendous growth in the past few years and Standard & Poorâs continues to work closely with its subsidiary in India, CRISIL, to support the development of the South Asian markets as they become more open and integrated with the global financial markets. Southeast Asia also offers considerable opportunity for Standard & Poorâs to serve and contribute to the region's fast growing markets as they deepen, become more sophisticated and globalize.