GCR Ratings Names Saul Sassoon Interim Group CEO
GCR Ratings has named Saul Sassoon interim group chief, as Marc Joffe, Group Chief Executive Officer, will step down at the end of March 2026 after 25 years with the company.
Marc joined GCR in 2001. Over the past two decades, he has overseen GCR’s transformation into Africa’s leading credit rating agency, recognised for its deep market expertise and commitment to strengthening financial markets across the continent.
His tenure included landmark achievements, such as the sale of GCR to Moody’s Corporation, which positioned the company for sustainable long-term growth across Africa.
Reflecting on his journey, Marc said: “Leading GCR Ratings has been a privilege. I am incredibly proud of what we have achieved as a truly pan-African rating agency.
“I step down with profound gratitude, respect, and lasting appreciation for the trust, support, and collaboration of colleagues and stakeholders throughout this journey, and am confident in GCR’s future.”
Saul Sassoon, currently GCR’s Group Chief Financial Officer, has been appointed as Interim Group Chief Executive Officer.
GCR said his critical role in driving growth, extensive capital markets expertise, and deep relationships with GCR’s customers and investors perfectly position him to steer GCR for continued success during this transition period, capitalising on its position as Africa’s largest rating agency.
The Board of Directors expressed its gratitude to Marc for his exceptional leadership and vision, noting his role in building GCR’s reputation as the undisputed leader in African credit ratings.
The Board also welcomes Saul into his new role, confident in his ability to guide the organisation through this transition period.
Moody’s Corporation (NYSE: MCO) acquired a 100% stake in GCR in July 2024, underpinning the company’s position as the preeminent rating agency in Africa. CBN Directs Banks to Block Loan Defaulters from Accessing Credit
