NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) is pleased to announce the appointment of Jim Nadler as Chief Executive Officer. Nadler held the position of President since joining in 2010 when he co-founded the rating agency with Jules Kroll. Kroll, who is credited with establishing the corporate investigation industry with his previous company Kroll, Inc., held the position of Chairman and CEO of Kroll Bond Rating Agency but will be stepping down later this month. Kroll will remain as Chairman. Prior to joining KBRA, Nadler was the Vice President for General Re and also had stints at Fitch Ratings and Standard & Poor’s.
Kroll and Nadler created KBRA in 2010 to restore trust in credit ratings following the financial crisis. They looked to differentiate KBRA from the other rating agencies by creating new standards and by offering accurate, timely, transparent ratings and research. Since 2010, KBRA has become a significant player in the Structured Finance, Public Finance, Project Finance, Financial Institutions and Corporate markets issuing over 7,100 ratings totaling $620B in issuance.
In conjunction with this appointment, Ira Powell has been named Chief Operating Officer. Powell, previously the Chief of Staff and Chief Credit Officer, joined the firm in 2015 from Goldman Sachs.
“Growing KBRA into the successful rating agency it is today has been truly rewarding. Our goal was to create a different type of rating agency that put investors first and we have done that and much more. I look forward to Jim expanding the footprint of KBRA while maintaining the standard that investors have come to rely on and trust,” said Jules Kroll.
About Kroll Bond Rating Agency
KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).