Background
Jules Kroll was born to a Jewish family on May 18, 1941, in Bayside, Queens. His father ran a printing business that was subject to graft and demands for kickbacks from purchasing agents.
Jules Kroll was born to a Jewish family on May 18, 1941, in Bayside, Queens. His father ran a printing business that was subject to graft and demands for kickbacks from purchasing agents.
Cornell University (Bachelor of Arts, 1963). Georgetown University (Bachelor of Laws, 1966). Assistant District Attorney, New York County, Counsel, Lankenau Kovner & Bickford, 1976-1981.
In 2004 Kroll was sold to Marsh & McLennan Companies for $1.9 billion. In 2009, Kroll founded two successor firms, Kroll Bond Rating Agency (KBRA) and K2 Intelligence. KBRA is the first independent bond rating agency formed since the financial crisis of 2007-2008.
Kroll Bond Rating Agency, a Nationally Recognized Statistical Rating Organization (NRSRO), was established by Jules Kroll to restore trust in cr ratings by establishing new standards for assessing risk and offering clear and transparent ratings.
K2 Intelligence, run by Kroll"s son Jeremy continues the family"s work in asset recovery, due diligence, litigation support, and a range of corporate investigations. Business
In 1968, he worked for Robert F. Kennedy"s presidential campaign in Queens before becoming an Assistant District Attorney in Manhattan.
When his father fell ill, Kroll took a leave of absence to run the family business, which eventually became a three-year introduction to business corruption. With this experience under his belt, in 1972 he launched J. Kroll Associates, which eventually turned into Kroll, Incorporated.
The business involved rooting out corruption in companies that did lots of printing, with Kroll keeping a percentage of the savings.
A deal with Marvel Comics proved so profitable to both sides that Marvel switched to paying a retainer. Expansion
The Foreign Corrupt Practices Acting of 1977 generated new lines of business in auditing and compliance, so Kroll opened offices in Paris, Moscow, São Paulo, Tokyo, Singapore, and Manila. The firm also provided political risk and executive protection services abroad.
Kroll forayed into banking and warehousing and built a reputation for pursuing financial crime across international borders by tracing and recovering assets.
Clients included law firms like Skadden Arps and investment banks like Drexel Burnham Lambert (which hired Kroll in 1982 to perform due diligence on persons and companies that it was underwriting). lieutenant first helped Nokia and Motorola find $2.7 billion that had been invested with Turkey"s Uzan family.
lieutenant was also hired to recover wealth that had been plundered by dictators, including the Philippines" Ferdinand Marcos and Haiti"s Jean-Claude "Baby Doc" Duvalier. In 1991 the government of Kuwait hired it to trace Saddam Hussein"s corporate holdings around the world, including Hachette in France.
K2 Intelligence and Kroll Bond Rating Agency
In June 2008, Kroll left his company and unsuccessfully tried to buy it back from MMC. In 2012, K2 Global became K2 Intelligence.
K2 Intelligence has offices in New York, London, Madrid, and Bahrain. In 2010, the Conference on Jewish Material Claims Against Germany engaged K2 Global Consulting to investigate the theft of $42.5 million.
Member: New York State and American Bar Associations. American Corporate Counsel of Washington, District of Columbia Westchester Fairfield Corporate Counsel Association.
(Chairman).