Kaustubh Chaubal is a Senior Vice President with Moody’s Corporate Finance Group. Based in Singapore, he covers a portfolio of Indian and India-based issuers in the metals and mining (ferrous and non-ferrous), automobile, chemicals and pharmaceuticals industries.

Prior to joining Moody’s in 2015, Kaustubh spent eight years as a Ratings Advisor with Standard Chartered Bank in Singapore, the last two of which was as Head of ASEAN Ratings Advisory, while also covering issuers in the Middle East and Africa.

Kaustubh has also worked as a Senior Analyst at Standard & Poor’s India-based subsidiary, CRISIL, covering a broad array of industries including pharmaceuticals, building materials, chemicals, and investment holding companies. And, he has previously held analytical roles at ING Vysya Bank and Unit Trust of India Investment Advisory Services, as well as auditing roles at RM Ajgaonkar & Company and RD Samant & Company.

Kaustubh holds an MBA from The University of Chicago Booth School of Business and a Bachelor of Commerce from Mumbai University. He is also a Chartered Accountant with the Institute of Chartered Accountants of India.

Jingjing (Nicky) Dang is a Senior Vice President in Moody’s Credit Strategy and Guidance Group. Based in Shanghai, Nicky is responsible for covering a portfolio of China’s regional and local governments and market outreach on enhancing the transparency of relevant methodologies. She also focuses on China credit-related research and market outreach, and drives and coordinates research and credit-related initiatives covering major regional credit events. 

Nicky joined Moody’s New York office in February 2007 as an Associate Analyst. She was the lead analyst on various Asset-Backed Securities (ABS) and Residential Mortgage-Backed Securities (RMBS) transactions in the Structured Finance Group. Prior to joining Moody’s Shanghai in February 2023, Nicky was an Associate Managing Director and the head of the Consumer ABS New Ratings Americas team, which covers credit card, auto, student loan, personal loan, timeshares and other consumer related ABS sectors. 

Nicky holds a Master’s Degree in Economics from New York University and a BA in Economics from Beijing Technology and Business University. She is also a CFA charterholder.

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.

Tengfu Li is an Assistant Vice President – Analyst with Moody’s Financial Institutions Group.

Based in Singapore, he is responsible for the credit ratings of financial institutions in Indonesia and Malaysia. Prior to Moody’s, Tengfu worked at OCBC Bank, where he developed credit risk models.

Tengfu holds a MSc in Accountancy from Nanyang Technological University, and a BEng in Electrical Engineering from the National University of Singapore.

Marcus Yiu is an Analyst with Moody’s Sovereign Risk Group. Based in Singapore, he supports lead analysts in covering a portfolio of sovereign credits in the Asia Pacific and Central Asia regions. 

Marcus joined Moody’s in January 2020, after working at J.P. Morgan Asset Management as a Market Analyst based in Hong Kong. There, he performed macroeconomic and market research with a focus on Asia and took part in generating asset allocation ideas for clients.

Marcus graduated with a Bachelor of Science in Economics from the University of Warwick.

Devang is an Assistant Vice President - Analyst in Moody’s Ratings’ Financial Institutions Group, based in Singapore. He leads credit rating and research for banks in South Asia and non-bank financial institutions in India.

Devang has 10+ years of experience in the financial services industry. Before joining Moody’s Ratings, he served as Deputy Vice President in HDFC Bank’s Credit Risk Management division in India where he focused on credit portfolio risk management and risk analytics.

In earlier roles at HDFC Bank, he managed securitization and underwriting for financial institutions. He began his career with Moody’s domestic affiliate, ICRA Limited in India, specializing in structured finance ratings.

Devang holds an MBA in Finance from the S.P. Jain Institute of Management & Research(SPJIMR) and a Bachelor of Technology in Computer Science from VJTI Mumbai.

Shirley Zhang is a Vice President in Sustainable Finance Credit at Moody’s Ratings, based in Singapore.
She focuses on ESG integration into credit ratings and leads thought leadership research and outreach across APAC. Shirley is also a core member of Moody’s Development Finance Working Group with a dedicated focus on topics such as blended finance and credit enhancement in bridging the transition financing gap.

Prior to joining Moody’s, Shirley served as Director in Standard Chartered Bank’s Investment Banking practice, advising on transition-related financing and M&A transactions across the Power Utilities and Infrastructure sectors. She also spent 15 years as a research analyst at Wood Mackenzie, CCB International, and Credit Suisse, covering the Energy and Metals & Mining sectors.

Shirley holds a Master’s degree from the University of Cambridge and a Bachelor’s degree from the University of Warwick, majoring in Accounting and Finance.