Kroll Launches High Risk Security Business Headed by Alastair Morrison; SAS Veteran and Founder of DSL Becomes Chairman and CEO of New Kroll Subsidiary.Business Editors NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & LONDON--(BUSINESS WIRE)--March 25, 2004 Kroll Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : KROL), the global risk consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , has formed a new company dedicated to addressing the security needs of corporate and government clients operating in high risk areas. Alastair Morrison Not to be confused with Alasdair Morrison. Alastair Morrison is the name of several persons:
"The intense hostility that corporations and government agencies face in diverse world regions has created an unprecedented demand for services to ensure the security of people, property and operations," said Michael Cherkasky, Kroll president and chief executive officer. "Kroll's global infrastructure, reputation in security, and success on Iraqi assignments positions us to play a key role in this vital area. With Alastair Morrison leading the charge, we are confident that we will provide special value to clients and serious competition to the niche players in high risk security." Morrison, who was decorated for his role in the successful rescue of airline passengers held hostage at Mogadishu, Somalia, in 1977, co-founded Defence Systems Limited (DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary ) in 1981. As chairman and chief executive officer, he built DSL into a $50 million international security business before selling it to Armor Holdings in 1997. DSL assignments during his tenure included security for the United Nations, U.S. and U.K embassies, and multinational oil and mining companies in hot spots hot spots acute moist dermatitis. worldwide. Morrison will develop and manage similar high-risk, high-profile assignments in his new role, Cherkasky said. Joining him is Jerome J. Pomerance, who served as executive managing director and vice chairman of Kroll from 1983 to 1991 and who will focus on business and product development in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market. Morrison and Pomerance together hold a 12 percent equity interest in the new Kroll subsidiary. "Kroll has a sterling reputation in the security industry and the global business community," said Alastair Morrison. "With the timing right for launching a high risk security business, Kroll is the partner of choice. I am delighted that we are joining forces to build a new, preeminent brand in international security." Kroll Security International will operate as a unit of Kroll's Consulting Services Group (CSG CSG - constructive solid geometry ) reporting to CSG Vice President Frank Holder, who heads investigations, intelligence and security worldwide. Its services will include security risk management and training, crisis management and response, asset protection, and transportation risk management and logistics, among others. "The new venture builds upon our current contracts; however, our long-term mission is to support the security needs of organizations operating in current and emerging high risk environments anywhere in the world," Holder said. "Primary targets for our services are the hundreds of multinational corporations
Morrison will be based at Kroll's Europe, Middle East & Africa (EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. ) regional headquarters in London and coordinate closely with EMEA Regional Head Anne Tiedemann. He will assume responsibility for overseeing the Iraq assignments and other security services currently managed by the region, including Kroll's global Kidnap for Ransom practice. His new unit will also manage the security services work conducted in Kroll's Latin America & Caribbean and Asia-Pacific regions as well as Kroll's strategic alliance with iJET Travel Risk Management. About Kroll Inc. Kroll Inc. (NASDAQ: KROL), the world's leading independent risk consulting company, provides a broad range of investigative, intelligence, financial, security and technology services to help clients reduce risks, solve problems and capitalize on opportunities. Headquartered in New York with more than 60 offices on six continents, Kroll has a multidisciplinary corps of more than 2,400 employees and serves a global clientele of law firms, financial institutions, corporations, non-profit institutions, government agencies and individuals. |
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