NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) is pleased to announce the appointment of Lois Scott as the most recent member of its board of directors.
Lois currently serves on the board of the Chicago Stock Exchange (Chair, Audit Committee, Regulatory Oversight Committee), the Federal Home Loan Bank of Chicago (Audit and Risk Management Committees), and the advisory boards of other privately held financial services companies. From 2015 to 2017, she served on the board of MBIA Inc. (MBI – NYSE, Audit Committee and Finance and Risk Committee). She is Chair of the Advisory Board of the Center for Municipal Finance at the Harris School of the University of Chicago, co-founder of the Municipal CFO Forum, a founding board member of Retirement Security Initiative, and is well known as one of the founders of Women in Public Finance.
From 2011-2015, Lois served as the Chief Financial Officer for the City of Chicago, where she had financial oversight of essential City services as well as O’Hare Airport, Midway Airport, the City’s public-private infrastructure partnership contracts, and water and wastewater systems. Lois brought corporate-style investor relations and enhanced disclosure to municipal government, launching the City’s annual investor conference in 2011. Lois is also a frequent speaker on the financial sustainability of state and local government, she also served as special advisor to the Clinton Global Initiative on infrastructure.
In addition, Lois was named the “100 Most Influential People in Government” by Crains for multiple yeas in a row and the “Freda Johnson Trailblazing Woman Award,” by the Northeast Women in Public Finance in 2014. Lastly, she was also named “Woman of the Year,” at the Women in Public Finance national conference in 2011.
"We are delighted to have Lois join KBRA as a member of our board. She brings a deep understanding of credit, strategic and entrepreneurial approach, as well as decades of experience managing finance organizations,” said Jim Nadler, President and CEO.
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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).