Chin Gan leaves the helm of Fitch IBCA

A top level shake-up takes place, as the rating agency struggles to compete with the two incumbents, Standard & Poor''s and Moody''s.
Just a year after the merger between Fitch IBCA and Duff Phelps Credit  Rating Co DCR, the man at the helm of the rating agency in Asia is to leave.

It is believed Chin Gan is departing under somewhat acrimonious circumstances, and will vacate the head of Asia Pacific post at the end of the month. FinanceAsia's sources say senior managers at Fitch's headquarters in Paris are unhappy with the company's performance in Asia.

Gan, who spent several years as managing director of DCR prior to the merger, has had the unenviable task of trying to compete with two, much larger rating agencies in a...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222