Raymond W. McDaniel Jr.

Raymond W. McDaniel Jr.
Nationality	American
Occupation	President and chief executive officer of Moody's Corporation,
Known for	Moody's Corporation

Raymond W. McDaniel Jr. is an American financial executive. He is president and chief executive officer of Moody's Corporation, the parent company of Moody's Investors Service and Moody's Analytics.

McDaniel earned a B.A. in political science from Colgate University, and a J.D. from Emory University School of Law. In 1984 McDaniel was admitted to the New York State Bar.

McDaniel joined Moody's Investors Service in New York in 1987 as an analyst in Asset Securitization. In 2001 he became president of Moody's Investors Service, and was elected to the Moody's Corporation board of directors in 2003. McDaniel became chief operating officer of Moody's Corporation in January 2004. From October 2004 until April 2005 McDaniel served as president of Moody's Corporation. In April 2005, McDaniel was named chairman and CEO of Moody's Corporation He served as the chairman of the board of directors from 2005 to 2012, when Henry McKinnell was named Chairman of the Board of Directors. In 2012, as part of the decision to split the role of chairman and CEO, he again became president of Moody's Corporation, where he currently oversees the company's two divisions; Moody's Investors Service and Moody's Analytics.

Other positions held by McDaniel during the course of his Moody's career include managing director and executive vice president within the Global Ratings and Research division of Moody's Investors Service. He also held the roles of managing director for Moody's Europe in London and managing director for international operations, which designs and manages regional expansion in Asia, Europe, and the Americas. According to Moody's Corporation, under McDaniel's leadership, the company has expanded its reach into new worldwide markets and broadened the range of new products, experiencing the best financial performance in the company's history

Between 2007 and 2009, Moody's and other credit rating agencies were the subject of criticism for their ratings of subprime mortgage backed securities. McDaniel testified regarding the ratings at U.S. congressional hearings on multiple occasions, where he stated he was "deeply disappointed with the performance of ratings associated with the housing sector."

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