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07 Mar 2011
DIFC - Dubai, March 07, 2011 -- Moody's Investors Service is pleased to announce the relocation
of David Staples, currently Managing Director for Corporates at
its London office, to Moody's Dubai-based regional
office at the DIFC. Mr. Staples will focus on growing Moody's
Corporate Finance franchise in the Middle East region as well as managing
and providing support for corporates in other emerging markets,
such as Africa, Russia and the CIS and Turkey.
The appointment, effective 2 April 2011, is the culmination
of several years of Mr Staples's focus on the Middle East region
on behalf of Moody's, allowing him to develop rating relationships
with corporate issuers and governments. "I look forward to
further deepening and expanding my role in the region by relocating to
Dubai, and further developing Moody's existing relationships
across the region," says Mr Staples, who is a key speaker
at Moody's 6th Annual GCC Credit Risk Conference, which is
taking place in Dubai today.
"David Staples's longstanding experience and seniority within
Moody's corporate team make him ideally suited to act as Moody's
senior representative in this important market," says Myriam
Durand, Head of Moody's Corporate Finance Group in Europe,
Middle East and Africa (EMEA). Mr Staples will represent Moody's
from a credit perspective as well as for outreach to investors and other
"Mr Staples's appointment reflects Moody's continued
commitment to its customers in the Middle East region as well as a quantitative
and qualitative expansion in our analytical team," says Dr
Jehad el-Nakla, General Manager of Moody's Dubai-based
regional office since 2007. Mr Staples will join a well-established
and growing team of Moody's Dubai-based analysts covering
banks, corporates, sovereigns and structured finance.
Mr Staples joined Moody's in 2002 as Senior Vice President in the
utilities team within Moody's Corporate Finance Group. In
2004, he was promoted to Managing Director, covering over
time a number of corporate industry sectors including Telecoms,
Media, Chemicals, Metals and Mining and Oil & Gas,
as well as managing regional corporate coverage for South Africa,
Turkey and the Middle East. David holds a Masters degree from The
Johns Hopkins University, Paul H. Nitze School of Advanced
International Studies in Washington, D.C. and a Bachelors
degree from the University of Cincinnati.
Today's announcement about Mr Staples's imminent relocation
to Dubai follows Moody's announcement in September 2010 that its
Dubai-based regional office has moved to permanent and larger premises
within the Gate District of the Dubai International Financial Centre (DIFC).
The larger premises allow Moody's to implement its near- and medium-term
expansion plans, which are aimed at enhancing its ability to serve
financial market participants in the region.
Moody's Dubai-based regional office was first established in the
DIFC in April 2007. For more information about Moody's activities
in the Middle East, please refer to www.MoodysMiddleEast.com.
ABOUT MOODY'S INVESTORS SERVICE:
Moody's Investors Service is a leading provider of credit ratings,
research, and risk analysis. Moody's commitment and expertise
contributes to transparent and integrated financial markets. The
firm's ratings and analysis track debt covering more than 110 countries,
12,000 corporate issuers, 25,000 public finance issuers,
and 106,000 structured finance obligations. Moody's Investors
Service is a subsidiary of Moody's Corporation (NYSE: MCO),
which reported revenue of $2 billion in 2010, employs approximately
4,500 people worldwide and maintains a presence in 26 countries.
Further information is available at www.moodys.com.
Maya (Abdulrahim) Penrose
EMEA Rating Communications
Moody's Investors Service
Tel: +44 20 7772 5459
David G. Staples
MD - Corporate Finance
Corporate Finance Group
Moody's Investors Service Ltd.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
MD - EMEA Corporate Finance
Corporate Finance Group
Moody's France SAS
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
Moody's Middle East Limited
Moody's Appoints David Staples as MD for Corporate Ratings at its Dubai/DIFC Office
Gate Precinct 3, Level 3
P.O. Box 506845
DIFC - Dubai
Telephone: 00971 4237 9536
No Related Data.
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