Today Fitch Ratings announced the appointment of managing director Carlos Fiorillo as head of Latin America, effective immediately. Fiorillo succeeds Peter Shaw, who has retired after 25 years of service at Fitch.
Most recently, Fiorillo was the head of Fitch’s Mexico operations, a position he assumed in April 2017. He previously managed Fitch’s Colombia, Central America and Caribbean operations.
“Carlos has an excellent track record of strategic thinking, operations, compliance and growth. His strong leadership and good judgement will allow Fitch Ratings to continue building on Fitch’s excellent position across Latin America,” said Mark Oline, managing director and Fitch’s global head of business relationship management.
“I would like to thank Peter for his long, and distinguished, 25-year career at Fitch Ratings. Peter’s expertise and integrity have been a significant factor in Fitch Ratings’ ability to achieve and maintain the leading market position in Latin America, and he has long been a respected voice in the region. We wish him well in his retirement.”
Based in Mexico City, Fiorillo will report to Mark Oline.
“Fitch is the absolute leader in Latin American capital markets, with more than 300 employees, 13 offices and coverage spanning more than 20 countries. I am honored to assume leadership of this tremendous organization,” said Fiorillo.
“Fitch was the first global rating agency to enter the Latin American market, and has continued to build on that initial commitment by combining global expertise with an extensive, on-the-ground footprint and relationship network. Fitch’s credit insights and through the cycle viewpoint are second to none. I look forward to continuing this tradition of excellence in Latin America.”
Fiorillo holds a BA in Electronic Engineering from Universidad Simon Bolívar de Venezuela and an MBA from the Instituto de Estudios Superiores en Administración.