February 28, 2013 Leave a comment
Raymond McDaniel is currently the CEO for Moody’s Corporation, which is one of the three biggest credit rating agencies along with S&P and Fitch. McDaniel is responsible for Moody’s two operating divisions: Moody’s Analytics and Moody’s Investor Service. He joined the company in 1987 and was named President in 2001. He is a member of the board of directors of John Wiley & Sons, Inc.
Before becoming President at Moody’s, Raymond McDaniel worked as an analyst in Asset Secularization. For a period of time, he worked abroad and served as the Managing Director for Moody’s Europe in London.
During his time at Moody’s, Raymond McDaniel has helped the company achieve record levels of financial performance as well as implementing new rating practices. McDaniel has also been involved in much of Moody’s philanthropy outreach.
“The apparatus that we have here for creating visibility around our programs, and that encourages employees to participate in the programs, works very well,” Ray McDaniel explained to Leaders Online Magazine in an interview. “Our employees know that Moody’s is involved in it and that it’s a good thing to do. The participation levels are strong. So I very much support what we’re doing, but I don’t think I need to drive momentum behind this. We’ve already got momentum behind this.”
The Moody’s Foundation helps to support education through mathematics, economics and finance, health and human services, arts and culture, civic, and economic development. Moody’s, along with McDaniel are also involved in the Posse Foundation. The Posee Foundation helps to identify high school students with “extraordinary academic and leadership potential” who might otherwise be overlooked by colleges. The foundation gives a diverse group of students internships that allow them to learn about the business world, a generally turns into a full time job after graduation.
“Diversity is valuable because we are in the risk assessment business and we want to make sure that we have the widest spectrum of perspectives available in that assessment that we can” Raymond McDaniel stated.
McDaniel holds a J.D. from Emory University of Law and a B.A. in Political Science from Colgate University.