Standard & Poor's Ratings Services, part of The McGraw-Hill Companies, has appointed Don Howard as chief risk officer, effective as of June 18. In addition, he will serve on the firm's executive committee.

In his new role, Howard will oversee groups in risk management, compliance, criteria, and quality. He will be responsible for administering programs for global compliance with laws, regulations and internal policies.

With more than 25 years experience in financial services industry, Howard joins Standard & Poor's from Promontory Financial Group, where he was a managing director. Prior to this, he served as group chief risk officer at HSBC, where he lead the bank's international risk management team. He also has held senior management positions at Metlife and Bank of America, and served as a bank examiner at the Federal Home Loan Bank of Boston.