Kroll Names Nadler CEO as Jules Kroll Scales Back

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Jim Nadler has been appointed Kroll Bond Rating Agency's chief executive officer, the firm announced late Thursday. Nadler has been president of the company he co-founded with Jules Kroll since 2010.

Jules Kroll, who held the position of Chairman and CEO, will be stepping down from the CEO role later this month but will remain as chairman.

Prior to joining KBRA, Nadler was vice president at General Re and had previously worked at Fitch Ratings and S&P Global Ratings.

In conjunction with the appointment, Ira Powell has been named Chief Operating Officer. Powell was previously Kroll's chief of staff and chief credit officer. He joined the firm in 2015 from Goldman Sachs.

"Growing KBRA into the successful rating agency it is today has been truly rewarding," said Jules Kroll said. "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."

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.

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