Standard & Poor's Ratings has announced that John Bailey will take on an expanded role, adding another title after over 15 years with the company. He will now assume the title of managing director of corporate & government ratings for Greater China and will continue to report to Paul Coughlin, S&P's Singapore based managing director for corporate and government services for Asia.

In the new role, Bailey will drive the direction and day-to-day operations of the ratings service's financial institutions, insurance, corporate and government credit ratings and related activities for Hong Kong, China and Taiwan. The position will also require Bailey to take on the role of senior spokesman for the firm's credit rating businesses in Greater China and is described by Bailey as a move to compact the geographic regions of its businesses.

Joining S&P in 1989, Bailey spent eight years working in its Australian operations on numerous transactions throughout the region, before spending three years in Taipei helping to establish the ratings activities of its joint venture, Taiwan Ratings Corp.

Since 2000, he has worked for S&P in Hong Kong where he held the position of director of corporate and infrastructure ratings.