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MARK COHEN, NANCY STROKER NAMED TO FITCH EXECUTIVE COMMITTEE -- FITCH FINANCIAL WIRE --

 NEW YORK, Dec. 14 /PRNewswire/ -- Mark H.S. Cohen and Nancy E. Stroker are promoted to executive vice presidents and named to the Fitch Executive Committee, says H. Russell Fraser, chairman and president.
 The nine-member Executive Committee is the rating agency's key policymaking body. Its two new members will help shape Fitch's future by participating in its strategic planning and development. Since its reorganization in April 1989, the company has grown to 220 employees from an initial 46. Revenues are projected at $44 million for 1993 from $3 million just four years ago. Fitch became profitable on an operating basis last year, ahead of schedule.
 "The challenge is managing Fitch's growth," says Mr. Fraser. "We led in residential mortgage and market risk ratings this year. Asset and mortgage-backed issues were big revenue producers in 1992. Looking ahead, Fitch will expand market share in industrial, utility and municipal sectors and help investors assess swaps, derivatives, and other product innovations from Wall Street."
 Ms. Stroker manages the Taxable Finance Group. Its two-dozen person team rates industrial firms, banks and thrifts, finance companies, broker/dealers, and insurance companies. She reports to Mr. Fraser.
 Mr. Cohen directs and implements marketing strategies for Fitch's eight primary business and coordinates them with regional offices in Chicago and Dallas. "That macro view of Fitch's business will help guide key decisions of the Executive Committee in plotting the company's course," Mr. Fraser said. Mr. Cohen reports to Mr. Fraser and Executive VP David Nixon.
 Ms. Stroker joined Fitch as a vice president in January 1990 analyzing banks and finance companies. Her analytical ability, leadership qualities, and management skills led to promotion to senior vice president one year later. Last July, the credit interdependence of industrial companies and their finance units were recognized for rating purposes and the two groups were merged. Ms. Stroker was selected to manage this process and promoted to managing director.
 Ms. Stroker joined Fitch in 1990 after four years as a banking analyst with S&P. Prior to that she was a commercial lending officer at Bankers Trust Co.
 Mr. Cohen joined Fitch in 1990 to run the Financial Guaranty Group. He took charge of the new Market Management Group in October 1992, and was promoted to executive managing director while retaining oversight of bond insurance. Last month, he was selected top analyst of bond insurance and credit enhancement in the Bond Buyer's All-American Analyst Team. He also won the award last year.
 Prior to joining Fitch, Mr. Cohen was a founder of Bond Investors Guaranty Insurance Co. He was its chief financial officer until its acquisition by MBIA in 1990.
 -0- 12/14/93
 /CONTACT: H. Russell Fraser, 212-908-0550, David Nixon, 212-908-0573, or Byron Klapper, 212-908-0565, all of Fitch/


CO: Fitch Financial Wire ST: New York IN: SU: PER

MP -- NY029 -- 3555 12/14/93 10:12 EST
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Publication:PR Newswire
Date:Dec 14, 1993
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