Raymond McDaniel, Jr. Biography and Net Worth

Raymond W. McDaniel, Jr. is President and Chief Executive Officer of Moody’s Corporation. In this role, Mr. McDaniel is responsible for all activities of the corporation and its two operating divisions: Moody’s Investors Service, the credit rating agency, and Moody’s Analytics.

Mr. McDaniel has held a variety of positions since joining the firm in 1987. He began as a Senior Analyst in the Asset Securitization group in New York. Over the next 14 years, he held a number of positions of increasing responsibility including Managing Director for Moody’s Europe, Managing Director for International and Senior Managing Director for Global Ratings & Research.

Mr. McDaniel was named President of Moody’s Investors Service in November 2001. He was promoted to Executive Vice President of the corporation in 2003 and was elected to its Board of Directors the same year. In 2004, Mr. McDaniel was appointed Chief Operating Officer of Moody’s Corporation and named President of the corporation in October 2004. In April 2005, he was appointed Chief Executive Officer. Mr. McDaniel also served as Chairman of the Board from 2005 to 2012.

During his tenure, Mr. McDaniel has implemented important enhancements to Moody’s ratings practices. Some of these initiatives include growing the core ratings and research business globally, implementing international expansion and new products, and improving professional practices in the ratings business through credit policy and rating committee enhancements and improvements to credit research capabilities.

Mr. McDaniel holds a J.D. from Emory University School of Law and a B.A. in political science from Colgate University. He was admitted to the Bar of the State of New York in 1984 and is a member of the Board of Directors of John Wiley & Sons, Inc.