Standard & Poor’s Ratings Service has appointed Matthew Bosrock, a former HSBC veteran, as its executive managing director, head of Asia-Pacific ex-Japan.
Bosrock replaces Dominic Crawley, who is returning to the UK to resume his role as global head of S&P financial services, sovereign and international public finance practices.
In his new position, Bosrock will be responsible for developing S&P’s business across the region; including expanding participation in cross-border and local bond markets, and analysing investments.
“S&P has been present in Asia-Pacific for more than 30 years and I look forward to continuing to work closely with issuers, investors and market participants to facilitate the smooth functioning of capital markets,” Bosrock told FinanceAsia.
Bosrock worked for HSBC for more than 19 years in Europe, Africa and Asia, including in his most recent role as deputy chief executive and chief operating officer at HSBC Canada.
He spent two years managing regional credit and risk in Hong Kong during the Asian financial crisis and established an office in Bangladesh, building up business in the country for HSBC.
Before joining S&P, Bosrock founded the Bosrock Advisory Group in 2010, which works with companies to identify and execute growth strategies, including raising capital. The firm also works with private equity investors in the consumer technology and finance industries.
“There are many important opportunities in Asia-Pacific as the markets continue to grow in depth and sophistication. S&P provides a unique perspective because we combine our in-market presence and local understanding with our experience of global market conditions,” said Bosrock.
Other appointments
S&P also said on Tuesday that it had appointed Fabienne Michaux, Cathy Daicoff, Elena Okorochenko and Guy Deslondes as general managers in the Asia-Pacific region.
Michaux is based in Melbourne and heads S&P’s businesses in Hong Kong, Singapore, Taiwan, Australia and New Zealand. She has 20 years experience in the region, most recently as chief credit officer.
Daicoff heads S&P’s push to expand in several key markets, including Korea, Malaysia, Indonesia and Thailand. She will relocate to Singapore from New York, where she was a senior criteria officer. Before that she was S&P’s region head in Latin America.
Deslondes is head of corporate ratings in Asia-Pacific and will transfer to Singapore from Milan, where he was lead analytical manager for S&P’s heavy industry practice.
Okorochenko is head of financial services, sovereign/international public finance and structured finance ratings in Asia-Pacific. She was formerly the region’s lead analytical manager for sovereign and international public finance ratings and will continue to be based in Singapore.
“The new senior appointments underscore S&P’s commitment to this important region,” Neeraj Sahai, president of S&P, said in a statement.
In 2013 S&P rated more than 1,300 new debt issues across Asia-Pacific, representing about $400 billion in new debt, according to the company.
