NEW YORK--(BUSINESS WIRE)--Rapid Ratings International, an independent ratings, research and analytics firm that enables financial institutions and corporations to more effectively manage their risk, announced today that Kip Testwuide will be working as a senior advisor to the company. Mr. Testwuide brings a wealth of capital markets, risk management and sales expertise to the position, aiming to continue accelerating Rapid Ratings’ growth globally.
Rapid Ratings helps clients manage counterparty risk by providing objective, purely quantitative analysis of the financial health of tens of thousands of public and private companies globally.
Testwuide brings an additional financial markets practitioner perspective to the firm, with a background managing risk and navigating complex regulatory and compliance terrain that gives him a deep understanding of the challenges faced by Rapid Ratings’ clients.
“The focus on enterprise risk management and counterparty transparency in today’s business environment continues to sharpen, and Rapid Ratings has an ever-increasing opportunity to provide companies with real insight into their counterparties and investments,” said James H. Gellert, CEO and chairman at Rapid Ratings. “I’ve known Kip for years and look forward to working with him again as we embrace the expansion of our business in the global financial markets. His past successes building businesses, forging client relationships and developing teams will be key assets in this high-growth period for us.”
Testwuide most recently served as co-head of fixed income in the Americas at BNP Paribas, leading and building fixed income businesses including trading, sales and research of interest rate, credit, emerging markets and foreign exchange products. For many years prior to that, he was managing director and head of origination and distribution of fixed income products for BNP Paribas in the Americas.
Testwuide joined BNP Paribas in 1986 as a derivative marketer, and over the course of his tenure was a leader of the firm’s organic growth in the Americas from a 12-person fixed-income team primarily involved in the fledgling derivatives business to a diverse 500-person fixed-income business. He started his career in the credit-training program of Manufacturers Hanover Trust, where he soon moved into the risk management and derivative business during its developmental stages in the early 1980s. During the mid-1990s he spent two years as head of debt capital markets with UBS in New York.
“Having spent a 30-year banking career in the risk management and capital markets business, I see tremendous value in the unbiased, independent, quantitatively based analytical tool that Rapid Ratings provides,” said Testwuide. “The ability to quickly analyze and rate the financial health of both public and private companies on a consistent, forward looking, and cost-efficient basis adds significantly to the value proposition and I’m extremely excited to work with Jim and his team at Rapid Ratings.”
About Rapid Ratings
Rapid Ratings is a quantitative ratings and research firm that enables companies to most effectively assess the financial health of their investments, vendors, customers and other counterparties. The firm’s proprietary Financial Health Rating (FHR®) is calibrated to predict a company's deterioration or improvement over the next 12-18 months, using a methodology proven to be more predictive than traditional ratings tools that rely on payment history, qualitative judgments, or market pricing inputs. The FHR is the only solution to provide the same depth of analysis on public and private companies globally, and it brings consistency, scalability, and new efficiencies to clients’ workflows. More information can be found at www.rapidratings.com and www.twitter.com/RapidRatings.