Abad joins from Moody’s Investors Service. Earlier he was chief economist at Spain’s Instituto de Credito Oficial, Spain’s state-owned development bank.
In the meantime, Bloomberg also reports that Hui Chen, once the global head of anti-bribery and corruption at Standard Chartered, is about to become the U.S. Justice Department’s first compliance counsel, according to two people familiar with the matter. Chen declined to comment.
The U.S. is creating the position to help advise on corporate criminal prosecutions, drawing on someone with a background in the private sector, Leslie Caldwell, head of the Justice Department’s criminal division, said in a speech Monday.