Colin Ellis Managing Director - Head of Centre for Credit Research Moody's Ratings

Colin Ellis is Moody’s first Global Credit Strategist, and a Managing Director in the Credit Strategy team. 

In his current role, Colin provides thought leadership for the rating agency that deepens the understanding of ratings and debt capital markets through rigorous and quantitative research. He leads Moody’s teams working on default and ratings analytics and on global financial analysis, including bank projections and stress testing. Colin is also a member of Moody’s Macroeconomic Board, which sets the global forecasts that underpin Moody’s universe of ratings.

Colin joined Moody’s in February 2012, initially leading the work of the Macroeconomic Board and authoring the quarterly Global Macro Outlook. He subsequently worked in the Financial Institutions Group, developing quantitative forward-looking analyses. For 8 years he was the Chief Credit Officer for EMEA, leading analysis and coordination of credit and ratings across all rating franchises in the region. He was also the ‘Head of UK’ for Moody's Ratings, responsible for the running of Moody’s UK operations, from 2019-2022 including the COVID-19 pandemic. 

Prior to joining Moody’s, Colin held roles at the Bank of England, Daiwa Capital Markets, the BVCA and at Birmingham University. He has published papers on a range of topics including corporate investment and pricing, credit risk, private equity, data uncertainty, stress testing, financial contagion and monetary policy. Colin holds degrees from York University, the London School of Economics and Political Science, and Middlesex University. He is a Visiting Professor at Hult International Business School and LSBU, and is also a Fellow of the RSA.

Jacintha Poh Associate Managing Director Corporate Finance, Moody's Ratings

Jacintha Poh is an Associate Managing Director for the Corporate Finance Group at Moody's, based in Singapore. She leads a team of analysts who are responsible for Moody's nonfinancial corporate ratings and research in the South and Southeast Asia region.

Jacintha joined Moody's in 2012 taking several Lead Analyst roles, where she demonstrated her ability to execute complex analyses across a diverse range of sectors, including real estate, hospitality, and investment holding companies.

Before joining Moody's, Jacintha worked for Lion Global Investors, where she served as a Credit Analyst on the Fixed Income team. Jacintha holds an honors BSc in Accounting and Finance from the University of London.

Ning Loh Associate Managing Director, Project & Infrastructure Finance Moody's Investors Service

Ning Loh is the Associate Managing Director and Head of the Project & Infrastructure Finance team for North Asia (excluding Japan). In this role, based in Hong Kong, he oversees the ratings team in Hong Kong and China which is responsible for Moody’s extensive coverage across the project and infrastructure sectors, including transport infrastructure, utilities, power and social infrastructure. Ning has extensive experience within Moody’s, having worked since 2005 across a range of markets in Europe, Asia and the US. 

Prior to his present appointment, he headed our US Corporate Asset Backed Securities team in New York which assigns new ratings on US structured finance transactions backed by corporate and esoteric assets. Before that, he was based in Hong Kong, where he led Moody’s new ratings team responsible for Moody’s ratings coverage across asset classes such as commercial mortgage backed transactions, covered bonds and consumer asset backed securities in India and Southeast Asia. 

Before relocating to Hong Kong, he spent over 10 years in Moody’s London office, covering structured finance transactions in EMEA both as a credit analyst and subsequently as manager of the EMEA Asset Backed Securities new ratings team. During his tenure in Moody’s London, Ning specifically focused on complex and emerging market originated securitizations in Russia, central and eastern Europe and the Middle East, as well as whole business related financings covering areas such as UK regulated water utilities, transport infrastructure and airport landing slots.

Prior to joining Moody’s, Ning worked as an English-qualified lawyer at Slaughter and May and subsequently at Shearman & Sterling LLP in London, where he focused on complex structured financings and debt capital market transactions.

Ning holds a Master’s Degree in Civil Engineering from Imperial College London and is admitted as a Solicitor of the Senior Courts of England and Wales.

Ray Tay Associate Managing Director, Project and Infrastructure Finance Moody's Ratings

Ray Tay is a Associate Managing Director in Moody’s Project and Infrastructure Finance Group. Based in Singapore, Ray covers project finance, transport, utilities and other infrastructure credits in Southeast Asia and India. Ray also authors research and conducts outreach focused on topics such as project bonds and the role of funding diversity and credit enhancement in bridging the infrastructure gap, particularly in emerging markets. Ray is also a member of Moody’s APAC ESG Working Group.

Before joining Moody’s in 2012, Ray was a Director with the Global Infrastructure & Projects Group in KPMG. Ray has also worked as a Senior Business Analyst with the Singapore Power Group, focusing on regulatory economics in each of its principal local operating subsidiaries.

Ray holds a Bachelor’s in Economics with honors from the National University of Singapore.

Sophia Lee Associate Managing Director, Financial Institutions Moody's Ratings

Sophia Sinae Lee is an Associate Managing Director in Moody’s Financial Institutions Group. Based in Hong Kong, she oversees the ratings team that is responsible for financial institutions in Hong Kong, Korea, Mongolia and Taiwan, and non-bank financial institutions in China.

Sophia joined Moody’s in 2013 and prior to that spent seven years at Deutsche Bank in Hong Kong as an equity analyst. She has also held positions in Korea at Bank of Korea and Korea First Bank.

Sophia holds an MBA from the University of Pennsylvania’s Wharton School and a BA in Russian Language and Literature from Korea University. She is also a CFA charterholder.

Christian de Guzman Senior Vice President - Manager, Sovereign and Sub-Sovereign Risk Moody's Ratings

Christian de Guzman is a Senior Vice President with Moody’s Sovereign and Sub-Sovereign Risk Group. Based in Singapore, he covers a portfolio of sovereigns and multilateral development banks in Asia Pacific, including Japan, India and a number of Southeast Asian credits, while also managing the team responsible for sub-sovereign ratings in Asia ex-China.

Christian joined Moody’s in 2009, after working as a Senior Economist for the Monetary Authority of Singapore, covering ASEAN economies. He has also held various positions with the Research Department at the International Monetary Fund in Washington DC, and Procter & Gamble in Singapore.

Christian was a Phi Beta Kappa graduate in Economics and Political Science at the University of Georgia and received his M.A. in International Economics and Southeast Asian Studies from the Johns Hopkins University School of Advanced International Studies.

Nicky Dang Senior Vice President, Credit Strategy and Research Group Moody's Ratings

Jingjing (Nicky) Dang is a Senior Vice President in Moody’s Credit Strategy and Research 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.

Boris Kan Vice President – Senior Credit Officer, Project & Infrastructure Finance Moody's Ratings

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.

David Yin Vice President – Senior Credit Officer, Financial Institutions Moody’s Ratings

David Yin is a Vice President – Senior Credit Officer with the Financial Institutions Group at Moody’s Ratings. David is covering a portfolio of banks and non-bank financial institutions in China.

Before joining Moody’s, David worked as equity research analyst for Standard Chartered Bank, covering Chinese banks and securities companies. Earlier, he had covered Chinese financial institutions in Bank of China International Securities (China). He had also worked in the ECM department of Goldman Sachs Gao Hua Securities.

David holds a MSc in management and a BA in Economics from Peking University.

Amit Pandey Vice President - Senior Analyst, Financial Institutions Group Moody’s Ratings

Amit Pandey joined Moody’s APAC FIG in Singapore in 2023. He covers a rating portfolio of banks in Asia-Pacific, in particular the South and Southeast Asian region.

Previously, Amit was with S&P Global Ratings for over 10 years in Singapore covering a portfolio of ASEAN and South Asian financial institutions. Prior to that, he served in the debt capital market team of HSBC India and the credit department of Axis Bank in Mumbai. 

Amit has extensive credit experience in providing rating and capital advisory services to issuers across the Asia-Pacific region, as well as debt origination and management services of credit portfolios.

Amit has a Bachelor’s degree in Electrical Engineering from Harcourt Butler Technological Institute, Kanpur, and an MBA from the Indian Institute of Management, Calcutta.