A top Indian-American executive at Citigroup has been appointed president of Standard & Poor's Ratings Services.
Neeraj Sahai, 56, will take his new role at S&P from January 6, 2014, financial intelligence company McGraw Hill Financial said in a statement here.
He completed his master's in economics from the University of Delhi, is currently head of Citi's Securities and Fund Services business and also acts as chief fiduciary officer of Citigroup.
He succeeds Douglas Peterson, who became president and chief executive officer of McGraw Hill Financial on November 1. Peterson has taken over as chief executive of the parent company earlier this month.
Sahai has "significant experience serving global capital markets. His insights, leadership and background in driving growth, as well as in risk, control and governance will be enormously valuable to Standard & Poor's Rating Services, to market participants and to credit markets," Peterson said.