Organizational Structure


ARC Ratings flat organizational and management structure is a reflection of its philosophy to leverage off the local expertise of its partner agencies by creating an interactive network with global reach.




ARC Ratings S.A. Board of Directors

Independent Non-Executive Chairman of the Board
Olivier is a Senior Executive with expertise in financial services, and risk management. He has over twenty-five years’ experience in rating agencies and banking, including being Managing Director & Head of EMEA for Moody's. Olivier holds a Degree in Finance & Management, from the Institut Supérieur de Gestion, Paris, and an MBA   Finance Specialism (Commendation), from the Cass Business School, London.
Independent Non-Executive Director
Lindon has worked for over twenty-five years across the full spectrum of debt and equity finance including structured finance and securitisation. He is a former Director of S&P and assumed a leading role in rating committees for the securitisation of a broad range of asset classes. Lindon holds a BA Hons Physics from Cambridge University and a MSc Nuclear and Particle Physics from the University of London.



Chief Executive Officer
Dave has over twenty-five years’ experience in the ratings industry and holds a Bachelor's Degree in Commerce and an Honours Degree in Economics from UNISA. He is the former CEO and Chairman of Global Credit Rating Co. (GCR), and was responsible for building GCR into the largest rating agency in Africa. His expertise is in credit and strategic risk management and he relocated to Europe to help facilitate ARC's international expansion.
Chief Operating Officer
Vitor has twenty-two years’ experience in the ratings industry. He holds a Bachelor's Degree in Economics, with specialization in Finance, from Nova School of Business and Economics, in Lisbon.

Non-Executive Director


Ric has twenty-three years’ experience in the ratings industry and was previously the Regional Managing Director for International Operations at Duff & Phelps. He also served as Chairman of GCR for 5 years and is the CEO and founder of Inclusion, the first African-based social impact rating agency. Ric holds a B.A. in Economics from the University of Texas and a M.I.M. in International Finance.


Non-Executive Director
José is Managing Partner of SaeR. He holds a Bachelor's Degree in Finance, from Universidade Técnica de Lisboa, and is member of the Portuguese Statutory Auditors College and of the Portuguese College of Economists. He spent more than twenty-five years at PricewaterhouseCoopers and was President and CEO of Companhia Portuguesa de Rating, S.A. (now ARC Ratings, S.A.) from 2004 to 2014.



Non-Executive Directors of ARC Ratings Holdings Limited



Marc is GCR's Chief Executive Officer. He has 19 years’ experience in the rating industry and has led ratings missions in several African countries.  Marc holds a Bachelor of Commerce Degree and an Honours Degree in Business Economics, from the University of the Witwatersrand.
Winston is the senior representative of SR Rating Group. He has more than thirty years’ experience in top management positions and speaks fluent Mandarin. He is a Graduate in Production Engineering from Pontificia Universidade Católica de Porto Alegre and has a degree in Economics from Universidade Federal do Rio Grande do Sul.



Senior Analyst Team

Head of Structured Finance
Mark is Head of Structured Finance at ARC Ratings. He has eight years’ experience as a senior Structured Finance Analyst, being the lead analyst across a broad range of asset classes. He holds a Bachelor's Degree in Accounting, from the University of Johannesburg, and an Honours Degree in Finance Management Sciences, from the University of Pretoria.
Senior Structured Finance Specialist
Philip was previously the Managing Director and Head of the European Structured Finance Business function at Fitch Ratings. He has forty years’ experience of complex financings, having spent sixteen years at Fitch and over twenty years in investment banking. Philip holds a degree in law from the University of Exeter as well as a History & Politics degree from the Open University.
Head of Corporate Ratings & Senior Structured Finance Specialist
David spent fifteen years in Union Bank of Switzerland's Corporate Banking department, where he was appointed Head of Credit. He joined Deutsche Bank as a Director in 1999 with prime responsibility for Credit Risk Management of the securitisation business. Most recently, David spent five years as Senior Credit Specialist for Structured Products at FMS-Vertmanagement Service GmbH.


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