Indo- American Appointed President Of The Venerable S&P Ratings Services

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NEW YORK – A topIndo-American executive atCitigroup has been appointedpresident of Standard & Poor’sRatings Services, the world’slargest ratings firm.Neeraj Sahai, 56, will assumehis new role at S&P fromJanuary 6, 2014, financial intelligencecompany McGraw HillFinancial said in a statement inNew York.Sahai, who did his master’sin economics from the Universityof Delhi, is currently headof Citi’s Securities and FundServices business and also actsas chief fiduciary officer of Citigroup.He succeeds Douglas Peterson,who became presidentand chief executive officer ofMcGraw Hill Financial on November1. Peterson has takenover as chief executive of theparent company earlier thismonth.Sahai has “significant experienceserving global capitalmarkets. His insights, leadershipand background in drivinggrowth, as well as in risk,control and governance will beenormously valuable to Standard& Poor’s Rating Services,to market participants and tocredit markets,” Peterson said.He added that as debt marketsexpand around the worldto finance the increasing demandfor development and infrastructureprojects, S&P andits 1,400 analysts would offerglobally comparable measuresof relative credit risk.