Moody's Investors Service has appointed Kei Kitayama, an executive who has worked as a commercial mortgage-backed securities analyst in Japan, as the new representative director of Moody's Japan K.K. in Tokyo.Mr. Kitayama has served in a variety of capacities in his six years at Moody's, most recently as managing director for structured finance. He has also served as managing director for CMBS and esoteric assets. He replaces Naoki Yamauchi, who plans to leave the company in February to pursue a long-held interest in teaching, according to Moody's. The rating agency can be found on the Web at http://www.moodys.com.

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