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10/15/2009
A Whole New Risk Model - Jules Kroll Profiled in the New Yorker
Well worth a read - and the article doesn't skirt some of the form's more notorious public scandals - but to get more than the abstract you'll either need a login or pick up the issue from the news stand - October 19th issue, p42.

Also, for more on Jules Kroll's new post-retirement ventures - look left under the "Breaking" column and you'll see a recent and informative article from Pension & Investments.

-- MDT

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10/01/2009
K2 Global Partners, or Kroll & Son
By now any regular reader of this site (or the New York Times) is probably well aware of Jules Kroll 's splashy new credit rating adventure.


What received somewhat less attention was the announcement of K2 Global Holdings, a new risk assessment consultancy that will carry on the more famliar investigative and intelligence gathering work at which Kroll made his name and fortune.

You'll find details on the new venture at the predictable address, and also at JEMKroll.com, formerly the web address for Jeremy Kroll Holdings.

Sadly I missed Jules Kroll's recent appearance in DC. Anyone there and able to comment on the talk?

-- MDT

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8/31/2009
Jules Kroll's Ambitious Retirement
As has been widely reported over the last few days, Jules Kroll is getting back in the game. Since departing the sprawling investigative, security and consulting enterprise that he founded many have speculated what Kroll would turn to next. Now they have their answer. According to recent interviews, Kroll is planning a competitor to existing credit rating agencies, Moodys, S&P, Fitch and the like. Details here.

--MDT

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3/23/2009
Hedge Funds Increasingly Turning to Investigators for Due Diligence Assistance
Good stuff, here, from Bloomberg. Taking the obligatory stroll through Madoff country, they've put together a decent piece on how hedge fundies are using investigators to avoid being the next ones burned.

Investment firms using P.I.s is certainly nothing new, but one might imagine that recent headlines combined with a reenvigorated regulatory apparatus have heated up the market a bit.

Look for comments from Randy Shain of Backtrack/First Advantage Corp. as well as Pete Turecek of Kroll.

And a word of thanks to the friendly tipster who pointed me toward the article.

-- MDT

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12/21/2008
Financial Times Features Jules Kroll
Just in case you were wondering what he's been up to since retirement.

--MDT

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11/19/2008
Google Opens Searchable Database of Life Magazine Photos
Seek, and you shall find good stuff (like this).

-- MDT

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10/01/2008
Kroll and the Fate of Daniel Dantes
The Economist takes a look this month at lingering problems for quirky Brazillian billionaire, Daniel Dantes. Kroll's late-1990s relationship with Brasil Telecom is a key subplot. See also this translation of a June 2006 Veja article.

-- MDT

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7/08/2008
Jules Kroll Says Goodbye to the Industry He Helped Found
As we mentioned back in mid-June, Jules Kroll - patriarch of the worldwide corporate investigative firm bearing his name, has announced his plans to retire from the industry he helped to found.

Julius B. Kroll, a graduate of Cornell and Georgetown Law, is a former Manhattan assistant district attorney. He founded the entity that would become Kroll in 1972 after an unsuccessful bid to become an at-large city councilman for Queens.

Originally aimed at corporate purchasing departments, Kroll Associate's focus continued to expand with time and need. A three-year detour into his father's publishing business exposed him to the corruption that infused that industry and led to his first white collar investigations.

Kroll began to offer his consulting services to clients in the publishing industry and beyond. Broader investigations and new markets followed, with Kroll tracing the ebbs and flows of big business - growing his firm by mitigating risk and uncertainty wherever it festered.

A tempestuous late-1990s merger with Ohio armored car manufacturer, O'Gara, failed to gel, but the brief union expanded Kroll's reach greatly through a dramatic series of acquisitions. By 2000, the firms had split off into two publicly traded companies, a lengthy legal battle leaving them both bloodied.

After September 11th, security was the thing and Kroll thrived in the new environment. Reflecting that success, Kroll was purchased by the insurance giant, Marsh & McLennan, in 2004 for nearly $2 billion. Kroll employees close to 4,000 people across 65 offices in 33 countries worldwide.

Quite the empire to walk away from...

Ben Allen, Kroll's president and chief executive has served as the interim head Kroll's consulting practice since mid-June, when Jules Kroll made the initial announcement that he was planning for a July retirement.

Jules Kroll's son Jeremy spent the last decade working for his father's firm. Since 2007 he has been acted as independent consultant to the firm. What role he will play subsequent to his father's retirement will be interesting to see.

There had been talk over the last few years that Kroll might be spun off again into its own entity but that has yet to come to pass even as some units of the now-leviathan firm were sold off, for example Kroll's security business to Garda in 2006.

Kroll continues as a wholly owned subsidiary of MMC.

-- MDT

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6/18/2008
Daylight and Kroll Go head to Head for NY Contract
This sounds like a crazy case - investigating police sexual abuse of a 16 year old girl in Harrison, Co. New York. We'll keep an eye out to see who gets the case. For more details on the Kroll / Daylight Forensic competition, check out LoHud.com.

-- MDT

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6/16/2008
Jules Kroll Plans Retirement
July looks to be it.

-- MDT

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