Modi, who till now has been serving as vice president and senior credit officer in the corporate finance group of Moody's Investors Service, has been appointed representative director of Moody's India and will be responsible for coordinating the company's activities in all areas of India's capital markets.
Modi will also serve as the main liaison between Moody's Investors Service and India Credit Rating Agency. Moody's has a 29 per cent ownership stake in ICRA, the second largest rating agency in India. In addition, Modi will assist in the coordination of Moody's outsourcing relationships in India.
"India's market participants are increasingly turning to the global capital markets to serve their financing and investment needs," said Thomas Keller, group managing director of Moody's Asia Pacific.
Modi previously worked in Moody's London Office as vice president and senior credit officer in the corporate finance group.