NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) today announced the appointment of Gregory Root to the role of Managing Director. Root will help Kroll continue its expansion by leading the financial institutions team. Kroll’s Subscription Rating Service already provides financial strength ratings for nearly 17,000 entities including over 6,600 commercial banks and over 1,000 corporations.
“I am excited to join a rating agency that is trying to make an impact on the market. I look forward to expanding the financial institutions effort.”
Root joins Kroll from Imperial Capital where he was a Managing Director. Prior to his role at Imperial, Root was a Managing Director at Keefe, Bruyette & Woods for 7 years. Greg started his career at Standard & Poors in the bank ratings group followed by a 21 year stint at Thompson BankWatch, where he served as CEO. Root also spent time at DBRS and McConnell, Budd & Romano. "Kroll is very pleased to welcome Greg aboard as he brings with him a wealth of knowledge and in-depth industry experience that will allow Kroll to grow into the financial institutions area and expand as a firm," said James Nadler, President of KBRA. Root who started earlier this week said “I am excited to join a rating agency that is trying to make an impact on the market. I look forward to expanding the financial institutions effort.”
About Kroll Bond Rating Agency
KBRA was established in 2010 by Jules Kroll to restore trust in credit ratings by creating new standards for assessing risk and by offering accurate, clear and transparent ratings. 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).