Van Hesser will now assume responsibility as head of the Financial Institutions group for Kroll Bond Rating Agency in addition to his current role as head of Corporates.

Hesser has more than 30 years of experience across financial institutions and corporates. He was previously a managing director of the Financial Institutions group at Wells Fargo Principal Investments. Prior to Wells Fargo, Hesser spent 10 years with HSBC Securities where he served as global head of credit research, and was the senior corporate bond research analyst covering U.S. banks, brokers and specialty finance companies. Hesser had previous stints at Credit Suisse First Boston and Goldman Sachs within their corporate bond research groups, and within corporate finance at Salomon Brothers.

“KBRA’s Financial Institutions group has rated over 100 commercial banks and non-banks, and has expanded its insurance ratings group. We look forward to capitalizing on Van’s experience to continue growing in this space alongside the progress we’ve made in Corporates,” said Jim Nadler, president and CEO of KBRA.

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization. In addition, KBRA is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.