Fitch Group, a financial services company operating in more than 30 countries, has promoted Bruce Legorburu to succeed General Counsel Charles Brown, who is retiring after almost 25 years in the role.

Legorburu, who is based in London, has served as chief compliance officer at Fitch Group's credit-rating subsidiary, Fitch Ratings, since 2019. Succeeding him in that role will be Heather Merrigan, who's been head of compliance for the Americas since 2019.

Fitch Group is composed of its ratings division and analytics provider Fitch Solutions. It's one of the big three credit rating agencies, alongside Moody's and Standard & Poor's. with Fitch Ratings having about a 15% global market share. Fitch Group is headquartered in London and New York City.