NEW YORK, May 27, 2015 /PRNewswire/ -- The S&P Capital IQ division of McGraw Hill Financial (NYSE: MHFI) whose CUSIP Global Services (CGS) unit produces identifying instruments and entities that support efficient global capital markets, today announced that Scott Preiss, CGS's Vice President and Chief Operating Officer, will replace Jim Taylor, who is retiring on July 1 after 28 years of service to MHFI, as head of the organization.
Scott Preiss has played a key role in CGS's success for many years. Earlier, as director of CUSIP Operations, he oversaw a major revitalization and upgrade of CUSIP's infrastructure. In addition, he has been actively involved in the industry's efforts to standardize legal entities, securities descriptive data and product classifications, and has chaired the ANSI-accredited standards group X9D in that regard.
"Jim leaves CUSIP Global Services having given it a large and lasting legacy," said Imogen Dillon Hatcher, President, S&P Capital IQ. "We are indebted to him for his gifted stewardship, one which I know Scott Preiss can ably assume. The important contributions that CUSIP Global Services preforms for capital markets on behalf of the American Bankers Association is work both men have worked tirelessly to advance. We wish Jim success in his next endeavors and offer Scott our full support."
"CUSIP Global Service's success is directly linked to Jim Taylor's excellence in leadership," said Diane Poole, Senior Vice President, American Bankers Association. "The ABA commends him for his extraordinary contributions to the banking industry and for building a strong team at CGS. The ABA also congratulates Scott Preiss on his promotion. Scott has been an integral part of the success at CGS and we look forward to continuing to work with him and maintaining the excellent partnership between the ABA and CGS."
Jim Taylor joined McGraw Hill Financial in 1988 as a project manager for Securities Information Services, and has held many positions of increasing responsibility throughout his career. He served as a founding member of the Association of National Numbering Agencies (ANNA) and a member of its Board of Directors for 15 years. He has also represented the U.S. on several Global ISO Standard committees to develop global reference data standards, has held leadership roles on numerous Securities Industry Association committees, and presently represents MHFI on the CUSIP Board of Trustees.
In addition to his work at CUSIP Global Services, Scott Preiss regularly lectures on standardization, reference data and risk management, both in the U.S. and globally. He is a member of the Enterprise Data Management Council (EDM), the Executive Committee of SIIA/FISD, SIFMA, various ISO Working Groups, and was admitted to the New York and New Jersey Bar Associations in 1995.
About CUSIP Global Services
The financial services industry relies on CGS' unrivaled experience in uniquely identifying instruments and entities to support efficient global capital markets. Its extensive focus on standardization over the past 45 years has helped CGS earn its reputation as a trusted originator of quality identifiers and descriptive data, ensuring that essential front- and back-office functions run smoothly. Relied upon worldwide as the industry standard provider of reliable, timely reference data, CGS is also a founding member and co-operates the Association of National Numbering Agencies (ANNA) Service Bureau, a global security and entity identifier database for over 25 million publicly trade instruments, contributed by 89 national numbering agencies and 27 partner agencies representing 123 different countries. CGS is managed on behalf of the American Bankers Association (ABA) by S&P Capital IQ, with a Board of Trustees that represents the voices of leading financial institutions. For more information, visit www.cusip.com.
ABOUT S&P CAPITAL IQ
S&P Capital IQ, a part of McGraw Hill Financial (NYSE: MHFI), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as the S&P Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions, such as S&P Capital IQ Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need. For more information, visit www.spcapitaliq.com.
SOURCE S&P Capital IQ