UPDATE 2-MOVES-Goldman Sachs, Credit Suisse, Moody's

Wed Oct 29, 2008 3:29pm EDT

(Adds Goldman Sachs)

Oct 29 (Reuters) - The following financial services industry appointment was announced on Wednesday. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

Goldman Sachs

Goldman Sachs Group Inc (GS.N) on Wednesday promoted 94 employees to partner, the firm's highest rank and one offering lucrative bonuses.

Every two years, Goldman names a class of managing directors to the exclusive rank of "partner managing director." The system offers about 400 employees the chance to share a fifth of the firm's total compensation pool.

Credit Suisse

Credit Suisse AG (CSGN.VX) hired a former Lehman Brothers (LEHMQ.PK) banker for a newly created investment banking position as it continues to refocus its business.

Colin Welch will join the Swiss bank in November as head of investment banking for retail and luxury goods in Europe, Middle East and Africa, according to an internal memo provided by Credit Suisse.

Welch headed retail investment banking for Europe and the Middle East at the collapsed Lehman.

Moody's Corp

Moody's (MCO.N), parent of credit ratings agency Moody's Investors Service, said Darrell Duffie was elected to its board of directors. Duffie, 54, is the Dean Witter Distinguished Professor of Finance at the Stanford Graduate School of Business.

MF Global Ltd MF.N

The futures and options broker appointed Bernard Dan, currently the chief operating officer, to replace Kevin Davis as chief executive. (Compiled by Michael Erman in New York and Kuganandhan Paramanandan in Bangalore; editing by Jeffrey Benkoe)

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