DALLAS - Standard & Poor's managing director Alexander Fraser will head the rating agency's Dallas office, replacing Mal Fallon, who moved to a new position in New York.

As an analyst, Fraser led the state and local government rating team based in Dallas that served the Southwest region, and was a member of Standard & Poor's municipal enterprise group.

"Alex is uniquely positioned to participate in the ratings business governance both at the executive and business unit levels," said Sarah Eubanks, managing director of regional rating services. "A 17-year veteran of S&P, Alex has been in our Dallas office since its inception."

Fallon, who headed the Dallas office since 2000, is now managing director for rating change management. Fraser will work closely with product development and technology teams on behalf of clients, the agency said.

Before joining Standard & Poor's in 1992, Fraser was a senior budget analyst with New York City, where he oversaw its economic development capital plan and the operating budgets of several related agencies.

He earned a master of public administration degree from Columbia University and a bachelor's degree in government from Hamilton College in Clinton, N.Y.

Fraser has served on the board of governors of the National Federation of Municipal Analysts since 2004 and as co-chair of its Education Committee. He is also a board member of the Southern Municipal Finance Society and Town North YMCA in Dallas.

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