KBRA Appoints Stacie Olivares as Independent Board Director

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) is pleased to announce the appointment of Stacie Olivares as its newest independent board director.

Stacie Olivares is currently serving her first appointment on the Board of Administration for the California Public Employees' Retirement System (CalPERS). She was appointed as the board’s insurance industry representative by California Governor Gavin Newsom in August 2019. Stacie was the senior advisor on impact investments and blockchain at the California Department of Insurance from 2017 to 2019, and managing director and chief investment officer at the California Organized Investment Network from 2011 to 2017. She has also been a board member at the Hispanic Heritage Foundation (HHF) since 2014.

Stacie was also a guided portfolio manager at Morgan Stanley for three years and executive director of the California Commission for Economic Development for five years.

“We are delighted to welcome Stacie as a member of our board,” Jim Nadler, KBRA President and CEO, said. “Her experience in the insurance and investment industry, as well as her extensive background in public policy and Environmental, Social and Governance (ESG), will add valuable perspective and insights. We look forward to working together in bringing more positive change to market participants.”

Stacie holds a bachelor’s degree in economics from U.C. Berkeley and a master’s degree in public policy from Harvard University.

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.