Kroll

Kroll Launches Digital Platform to Streamline Management of Illiquid Assets and Portfolios

Thursday, October 05, 2023

NEW YORK --Kroll, the leading independent provider of global risk and financial advisory solutions, today announced the launch of the Kroll Valuation Platform, a cloud-native portfolio analytics and data management platform made for illiquid private assets. The Platform provides highly efficient investment workflows for front and middle office teams. Investment, valuation and operations teams can now more easily leverage critical investment data to monitor portfolios, perform scenario analysis, automate valuations and benchmark performance across their investments. Key capabilities of the Platform include data extraction from investment documents, valuation modeling tools, Microsoft Excel API connectivity and support for robust reporting at scale.

Don Carey, President of Kroll Digital Solutions, said, “The growth of private market lending and investing has outpaced the technology and data capabilities supporting the industry, creating a pressing need for software, benchmarking and data management solutions to ensure operational efficiency for GPs and transparency for LPs. Leading alternative asset managers are transitioning away from dated and highly manual approaches to purpose-built solutions to support their processes. The Kroll Valuation Platform combines decades of valuation knowledge with expertise developed from building leading public market investment management solutions.”

Ross Hostetter, Managing Director and Global Alternative Asset Advisory Leader for Kroll, said, “As the world’s leading independent valuation provider, hundreds of alternative asset managers and investors count on Kroll to deliver advice, support and opinions compliant with global regulatory requirements and help them exceed rigorous industry standards. We are thrilled to introduce this new digital capability as a necessary enhancement to our clients’ valuation and data infrastructure. With the combination of our digital platform and the expertise of over 1,500 valuation professionals globally, Kroll delivers truly comprehensive solutions that effectively and efficiently address the volume, frequency, complexity, timing and geographic diversification demands that our clients face daily.”

“We believe that technology will play an increasingly important role in providing comprehensive advisory solutions for our clients. The Platform was developed and informed by the evolving needs of the world’s leading alternative asset managers and complements our valuation advisory services,” Carey added.

Webinar Replay - 2023 Fraud and Financial Crime Webinar

Thursday, October 26, 2023

Financial crime continues to be a leading crime threat around the world. It is estimated that more than USD 800 billion is laundered every year, causing a significant impact on the global economy and creating considerable challenges for financial institutions, corporates and governments.

Our 2023 Fraud and Financial Crime Report surveyed 400 executives and risk professionals across the globe to better understand how leaders are navigating the complex, innovative and ever-changing world of financial crime and how technology may help.

In this webinar, Kroll's experts discussed key takeaways from this year's report and strategies for getting ahead in the evolving fight against fraud and financial crime.

Speakers

• Haydn Jones, Managing Director and Global Head of Blockchain and Cryptocurrency Services

• David Lewis, Managing Director and Global Head of AML Advisory

• Maria Evstropova, Director, Financial Services Compliance and Regulation

• Mariellen Davies-DeMarco, Managing Director, Compliance Risk and Diligence



Key Findings



• Sixty-nine percent of global executives and risk professionals surveyed expect financial crime risks to increase over the next 12 months.

• Sixty-seven percent of global respondents plan to invest in technology in the next year to tackle the likely increase in financial crime.

• The financial crime risk posed by cryptocurrency is a source of concern for 78% of participants.

• Only 25% to 30% of respondents from the EU, the UK, Singapore and the U.S. believe their compliance programs to be very effective.

Kroll Appoints Dave Burg as Global Head of Cyber Risk to Bolster World-Leading Business

Monday, April 01, 2024

Accomplished cybersecurity executive fuels new evolution of growth, deepens Kroll’s end-to-end risk management expertise

New York – Kroll, the leading independent global risk and financial advisory solutions firm, announced today the appointment of industry veteran, Dave Burg, as Global Head of Cyber Risk. In an ever-evolving cyber threat landscape, Burg will spearhead Kroll’s Cyber Risk solutions as the firm strengthens its position as the world’s leading incident response provider. In this role, Burg will oversee and expand Kroll’s Threat Lifecycle Management capabilities, including security advisory, validation and assessments, managed detection and response, threat intelligence, incident response, data analytics and breach notification.

“Under Dave’s leadership, our Cyber business will continue to push the boundaries of innovation to protect our clients from the growing number of cyber risks and bad actors,” said Jacob Silverman, Chief Executive Officer of Kroll. “Kroll has built an agile Cyber team comprised of top experts in the space, and I’m confident that Dave’s insights and experience will be invaluable to the business’s continued growth.”

Kroll’s world-class Cyber business merges complete response capabilities with frontline threat intelligence and industry-leading expertise to protect, detect and respond to cyberattacks. The firm’s unique approach to Threat Lifecycle Management is headlined by Kroll Responder managed detection and response (MDR), which provides 24/7 security monitoring, earlier insight into threats, and complete incident response tools to contain and eradicate threats across the digital estate.

“It’s exciting to join the world’s leading incident response firm and have the opportunity to leverage the team’s unique frontline experience to improve our clients’ preparedness and resilience,” said Burg. “I look forward to working closely with the broader Kroll team to extend our unique capabilities and insights and take our Cyber business to new heights. The world of cyberattacks is ever-evolving, and I’m proud to lead a team whose mission is to secure every organization from cybercrime.”

Burg brings more than two decades of cybersecurity experience, most recently leading cybersecurity for EY Americas. In his previous role, Burg oversaw EY’s reactive and proactive consulting efforts involving the deployment of information technology solutions. Prior to joining EY, Burg served as Global Cybersecurity Leader for PwC, where he assisted global clients, law firms, and the U.S. Government in matters concerning cybercrime investigations, complex data correlation analysis, business transformation and operational initiatives.

Burg succeeds Jason Smolanoff, President of Kroll’s Cyber Risk business, as Smolanoff transitions to his new capacity as Senior Advisor where he will be responsible for helping drive strategic and growth initiatives across Kroll.

“As a result of Jason’s steadfast leadership, our Cyber business experienced significant growth and has become the industry leader in delivering end-to-end cybersecurity services,” Silverman noted. “I’m appreciative of all that Jason has done to build our Cyber team and grow our business since joining Kroll in 2017, and I look forward to his continued contributions to the firm in his new role.”

For more information on Kroll’s Cyber Risk business, please click here.

About Kroll

As the leading independent provider of risk and financial advisory solutions, Kroll leverages our unique insights, data and technology to help clients stay ahead of complex demands. Kroll’s team of more than 6,500 professionals worldwide continues the firm’s nearly 100-year history of trusted expertise spanning risk, governance, transactions and valuation. Our advanced solutions and intelligence provide clients the foresight they need to create an enduring competitive advantage. At Kroll, our values define who we are and how we partner with clients and communities. Learn more at kroll.com.

Kroll Appoints Jon Rowell as Head of Asia Pacific Region

Friday, May 31, 2024

SYDNEY, -- Kroll, the leading independent global risk and financial advisory solutions firm, announced today the appointment of Jon Rowell as Head of Asia Pacific (APAC). In this role, Rowell will oversee Kroll's strategy and vision for the region and lead commercial and client growth initiatives in the APAC market.

"For many years, we have been a trusted partner to organizations throughout the Asia-Pacific region. This appointment highlights our unwavering commitment to the region and the opportunities for growth that lie ahead. Our goal remains to help clients with building, protecting and maximizing value," said Jacob Silverman, Chief Executive Officer of Kroll. "We are thrilled to have Jon join Kroll, and I look forward to working with him as we broaden our presence in the APAC region."

Rowell joins Kroll with more than 30 years of experience advising clients on business, valuation and accounting related issues across the APAC region, the Caribbean and Europe. Most recently, Rowell served as Head of Asia and Caribbean for FTI Consulting and was the leader of its Forensic and Litigation Consulting business in Asia. In this role, he was responsible for driving growth and strategy and led some of its most high-profile and largest investigations and disputes. Prior to joining FTI Consulting, Rowell was a partner at McGrathNicol, a specialist advisory and restructuring firm in Australia and New Zealand, where he co-founded and led the Forensic business.

"Kroll's global reputation for innovation, excellence and client success is unparalleled, and I am eager to contribute to this legacy by joining the firm's expansive network. Our objective is to extend our reach and enhance our risk and financial advisory services within the local market," said Rowell. "Together with Kroll's APAC and global leadership, I am intently focused on partnering with our clients to achieve the best outcomes for their business. I look forward to building on Kroll's continued success in the APAC region."