Douglas Dwyer, Managing Director, heads the Single Obligor Research Group in the Moody's Analytics Quantitative Research Group. This group focuses on measuring the credit risk for corporations and financial institutions worldwide. The group's models are used by banks, asset managers, insurance companies, accounting firms and corporations to measure risk for a wide variety of purposes. The group utilizes different methodologies to measure the risk of different types of firms depending on the information available. Recent research includes deriving a physical default probability from CDS spreads, updating our LGD model and extending coverage of RiskCalc models to include private firms in emerging markets such as China and Russia. We recently designed a scorecard that incorporates qualitative and quantitative information for an improved assessment of credit risk.
Prior to working at Moody's Analytics, Dr. Dwyer was a Principal at William M. Mercer, Inc., in their Human Capital Strategy practice. Dr. Dwyer earned a Ph.D. in Economics at Columbia University and a B.A. in Economics from Oberlin College. He has published articles in peer reviewed academic journals.