Crain’s New York Business covers K2 Intelligence’s move to new offices in 845 Third Avenue, a building owned by the Rudin family:
“Being in a Rudin building is something we feel really comfortable with,” said Jeremy Kroll, who, together with his father, Jules, co-founded K2 Intelligence, a risk management firm, and Kroll Bond Ratings, after the original firm was sold to Marsh & McClennan in 2004. “We are a family business; They are a family business.”
The two companies will take over the entire fourth floor for 11 years in a sublease deal from The Conference Board. Asking rent for the transaction, which covers 25,000 square feet, was in the high $40-a-square-foot range. That is almost double the amount of space the two firms share at 599 Lexington Ave.
“We are just packed to the gills,” Mr. Kroll said, noting the company now has about 100 people in just 13,000 square feet of space.
The Krolls Stick with The Rudins (Crain’s New York Business)
Dow Jones covers the announcement of Jules B. Kroll’s gift to John Jay College in New York:
The 70-year-old chairman and co-founder of New York-based K2 Global Consulting LLC and chairman and chief executive of Kroll Bond Ratings, Inc., is giving $2 million in support of the college. The atrium of John Jay’s new building on 59th Street, which opened last fall, will be named for Mr. Kroll and his wife, Lynn. The donation is scheduled to be announced Friday. [...]
Though he isn’t an alumnus of John Jay, a school of the City University of New York, Mr. Kroll been involved with the college for six years and presently serves as chairman of the John Jay Foundation board of directors. He says he initially became involved because of the leadership of John Jay’s president, Jeremy Travis.
One of Mr. Kroll’s primary motivations for giving to the school was an interest in supporting the minority population of John Jay.
“I didn’t feel that I had ever done enough for the minority community in my other work,” he says. John Jay serves some 15,000 students, of which 40% are Latino and 25% African-American. [...]
The donation from the Krolls is a lead gift in a $50 million capital campaign that coincides with John Jay’s 50th anniversary in 2014. So far, $30.8 million has been raised.
A Solid Shot at Success (DowJones/Wall Street Journal)
Jeremy was recently interviewed by the Financial Times for their “Executive MBA” series.
“Volatility is the new norm,” says Kroll. “We are helping companies mine information and understand the threats they face as a result of the changing environment.”
K2 Global was mentioned in two articles today: “A New ‘Jule’ (s) In The Kroll Crown” over at Slate.com’s BizBox blog, and “Hedge Funds Track Traders as Probe Puts ‘Fear’ in Firms” at Bloomberg.com. The latter article discusses our take on insider trading prevention, which we’ve been blogging about for a while.
There’s a great profile of K2 and Kroll Bond Ratings, titled “A Corporate Sleuth Tries the Credit Rating Field“, in the February 27th edition of the New York Times’ Sunday Business section. Give it a look at let us know what you think.
Jules Kroll, who is a co-founder of K2 Global, just got some great press in the Wall Street Journal regarding a new venture that’s just getting off the ground — Kroll Bond Rating Agency. By applying the same kind of rigor K2 Global brings to investigative work, KBRA is going to bring new standards of diligence and reliability to the credit ratings world.
Read the article here (subscription required).