Terry has over 25 years of experience in credit ratings and bank credit risk management. As a Managing Director, based in Singapore, he leads Moody’s Public, Project & Infrastructure Finance in Asia Pacific. He assumed his position in February 2015.

In this role, Terry oversees ratings teams in Hong Kong, China, Singapore, Australia, and Japan which are responsible for Moody’s extensive coverage across the public and infrastructure sectors, including transport infrastructure, regulated utilities,power and social infrastructure.

Prior to this role, Terry spent seven years as an Associate Managing Director and head of corporate, project and infrastructure finance ratings for Australasia, based in Sydney. During that period, Moody’s rating coverage for this region grew substantially to more than 100 rated issuers. In the corporate sector, the analytical team monitored ratings in a wide range of non-financial sectors, such as consumer and retail, industrial, mining, oil and gas, and property, while the infrastructure team covered power, transport, utilities and social infrastructure.

Terry was also previously responsible for Moody’s coverage of the oil and gas as well as mining sectors in Asia Pacific.

Before joining Moody’s in 2000, Terry worked for around 12 years in various risk management and credit origination roles at Westpac Institutional Bank in Sydney. His last position at Westpac was Senior Manager, Credit and Divisional Credit Officer, responsible for approving credit exposures to institutional clients.

Nidhi Dhruv is a Senior Credit Officer, with Moody’s Corporate Finance Group. Based in Singapore, Nidhi covers a portfolio of issuers across the telecommunications, telecom towers, mining, construction and airline industries in South and Southeast Asia.

Before joining Moody’s in 2007, Nidhi was an analyst with Citigroup Investment Banking in India and Singapore for three years. 

Nidhi is a CFA charterholder and a Chartered Accountant with the Institute of Chartered Accountants of India. She also has an MBA in Finance from Mumbai University.

Shawn Xiong is a Vice President - Senior Analyst with Moody’s Corporate Finance Group. Based in Hong Kong, Shawn is the Lead Analyst for a portfolio of China non-property companies, including those in the metals and mining, healthcare services, retail and telecom and IT services sectors.

Before his relocation to Hong Kong, Shawn worked for five years with Moody’s in Sydney, where he covered the Australian mining services, building materials and gaming sectors.

Prior to joining Moody’s, Shawn worked for the Commonwealth Bank of Australia as an Associate in its Debt Capital Markets division.

Shawn has also worked as a Senior Analyst in the Corporate Finance division of KPMG in Sydney.

Shawn holds a Bachelor of Applied Finance and a Bachelor of Commerce – Accounting from Macquarie University in Sydney. He is also a CFA Charterholder and a CA.

Spencer Ng is a Vice President – Senior Credit Officer in Moody’s Public, Project & Infrastructure Finance team. Based in Singapore, Spencer is responsible for project finance and infrastructure credits, including power utilities, renewables and airports in South and Southeast Asia.

Prior to joining Moody’s in 2007, Spencer worked for Ernst & Young Transactions Advisory Services in their Project Finance team. Spencer has also held various analytical and accounting roles at ANZ Bank, JP Morgan and State Street Australia. 

Spencer holds a Bachelor of Economics and a Master of Commerce from the University of New South Wales. He is also a CFA charterholder.

Boris Kan is a Vice President–Senior Credit Officer with the Project & Infrastructure Finance Group. Based in Hong Kong, Boris covers a portfolio of Chinese utilities and infrastructure companies across a range of sectors.

Before joining Moody’s, Boris was the Head of Regional Utilities & Power Equipment (Asia-ex-Japan) with J.P. Morgan’s Equity Research team, where he spent more than 12 years covering a wide range of power and gas utilities companies in Greater China.

Boris has also worked as a Senior Associate for more than five years — first at PricewaterhouseCoppers and then at Deloitte & Touche Corporate Finance — providing assurance and M&A advisory services to corporate clients in Greater China.

Boris holds an MBA majoring in Finance from Simon Fraser University and is a member of the Hong Kong Institute of Certified Public Accountants.

Jerome Cheng has worked at Moody’s for more than 20 years. Based in Hong Kong, Jerome is an Associate Managing Director in the Structured Finance Group.

Jerome is responsible for covered bonds and structured finance transactions in Asia(ex-Japan). His analysis of structured finance deals includes CDOs, CMBS, RMBS, consumer loans and equipment leases. He has worked on a number of first-time landmark securitization transactions across Asia. 

Jerome holds a Bachelor of Arts degree from The University of Hong Kong, and Bachelor of Law degree from Manchester Metropolitan University.

Gracie Zhou is a Vice President–Senior Analyst in the Structured Finance team in Asia Pacific. Based in Shanghai with Moody’s since 2017, Gracie is responsible for undertaking analysis and conducting research on the rapidly growing securitization market in China.

Gracie has extensive working experience in capital markets of various regions globally for more than 10 years. Prior to joining Moody’s, Gracie was a Director for capital markets solutions at Standard Chartered Bank, where she originated, structured and executed a large number of public and private structured credit and asset-backed transactions across asset classes.

Gracie holds a Master of Finance (with distinction) from London Business School and a Bachelor of Law from Shanghai International Studies University. She is also a CFA and CAIA charterholder.