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CUSIP Global Services (CGS), which produces identifying instruments and entities for the capital markets, has announced that Scott Preiss, currently CGS’s vice president and chief operating officer (COO), will replace Jim Taylor as head of the organization when he steps down on July 1.
CGS is owned by S&P Capital IQ, which is itself owned by McGraw Hill Financial, and Taylor has worked at McGraw Hill for more than 28 years, officials say.
Preiss, meanwhile, was previously a director of CUSIP Operations before his current role, and in that capacity he “oversaw a major revitalization and upgrade of CUSIP’s infrastructure,” according to a company statement. Preiss has also been active in industry-wide efforts to standardize legal entities, securities descriptive data classifications and other areas, officials say.
“Jim leaves CUSIP Global Services having given it a large and lasting legacy,” says Imogen Dillon Hatcher, president, S&P Capital IQ, in a prepared statement. “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 performs for capital markets on behalf of the American Bankers Association is work both men have worked tirelessly to advance.”
Taylor joined McGraw Hill in 1988 as a project manager for Securities Information Services, and has held a number of positions at the company since then, officials say.
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