Investors in Profitable, Growing Service Businesses
RiskMetrics Group Announces the Appointment of Arthur Levitt to Board of Directors
Arthur Levitt, former Chairman of the US Securities and Exchange Commission has been appointed to RiskMetrics Group board of directors.
New York, NY (July 2, 2007) – RiskMetrics Group today announced the appointment of Arthur Levitt, former Chairman of the US Securities and Exchange Commission to its board of directors. Mr. Levitt, currently a senior advisor to The Carlyle Group, joins the company as a non-executive director.
Mr. Levitt has been asked to help RiskMetrics Group advance its risk suitability monitoring service which assures that advisors match investors' risk tolerance levels with appropriate investment products.
In announcing the election of Mr. Levitt, Ethan Berman, RiskMetrics Group CEO said: "Having earned a reputation as America's foremost investor advocate as well as promoting improved financial reporting, Mr. Levitt shares our view that transparency is the key to liquid and efficient markets".
Mr. Levitt served as the 25th and longest serving Chairman of the Securities and Exchange Commission (1993-2001). During his tenure he fought for the independence of auditors, improved financial reporting and leveling the information playing field through Regulation Fair Disclosure.
Commenting on his association with RiskMetrics Group, Mr. Levitt said, "Providing investors with timely, accurate and transparent information about the risks of their assets is crucial to the financial services industry. I look forward to assisting financial advisors in their efforts to provide suitable and comprehensible investment advice"
Prior to joining the Commission, Mr. Levitt owned Roll Call, the newspaper of Capitol Hill. From 1989 to 1993 he served as Chairman of the NYC Economic Development Corporation and from 1978 to 1989 was Chairman of the American Stock Exchange. Prior to that Levitt spent 16 years on Wall Street where he headed Shearson Hayden Stone, the predecessor to Smith Barney. He graduated Phi Beta Kappa from Williams College in 1952 and served two years in the USAF.
About RiskMetrics Group:
RiskMetrics Group is the world's leading provider of financial risk management and corporate governance solutions serving the financial community through a broad range of research, analytics, data, governance and proxy voting-related products and services. Formerly a division of JP Morgan, RiskMetrics Group became an independent company in 1998. The company is headquartered in New York City, with 23 offices worldwide. More information is available online at:
www.riskmetrics.com
Media Contact:
John Roderick
john@jroderick.com
631.584.5808
