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Alliance Capital’s bond chief named S&P president

GLOBAL – Standard & Poor’s has named Kathleen Corbet, the head of Alliance Capital Management’s fixed income division, as its new president.

Corbet, 44, replaces Leo O’Neill who retires on April 30 after 36 years service.

Alliance Capital named company veterans Jeff Phlegar and Doug Peebles as new co-chief investment officers at the arm, which has around 169 billion dollars in fixed income assets under management. The firm’s chief executive Lewis Sanders said: “We thank Kathleen for her many years of service and success, and wish her well in her new position."

“Kathleen brings substantial experience in the worldwide capital markets and in the global operations of a major financial services company,” said Harold McGraw III, chairman, president and chief executive of the McGraw-Hill Cos., S&P’s parent.

Corbet was chief executive of London-based Alliance Capital’s European fixed income and equity research and management arm from 1998 to 2000.

“I am honoured by the opportunity to lead Standard & Poor’s, which has a distinguished history of providing independent and highly valued analysis and insight to the world’s financial markets,” Corbet said.

“As the capital markets become increasingly integrated and complex, the opportunities for S&P will continue to expand.”

Corbet is a graduate of Boston College and has a Masters in Business Administration from New York University’s Stern School of Business.

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