Jupiter, Fla.-based Weiss Ratings Inc. announced that Bruce R. Fador, a prominent leader in Wall Street’s investment research community, is joining the company as president and CEO as of Sept. 20. Weiss provides ratings and analyses of financial services companies, mutual funds, and stocks, including insurers.
Between 1992 and 1998, Fador, 48, was president and CEO of Thomson First Call, one of the nation’s leading distributors of research to Wall Street, where he created several new products and business units and was instrumental in the growth of the company’s highly recognized global, on-line distribution network for financial research.
Fador’s successful career also includes tenures at Gustin Partners, an international retainer-based executive search firm, and WorldStreet, a software solutions provider serving the securities industry, and most recently, the Center for Financial Research and Analysis, a highly regarded independent financial research organization serving the investment community.
Weiss said it provides financial safety ratings on more than 15,000 financial institutions, including banks and insurance companies. The company claims to be the only major rating agency that receives no direct or indirect compensation from the companies it rates for issuing its ratings.
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