Investors support plans to create a European-based global rating agency

Roland Berger will continue to support the project and Chairman of the international consultancy, Burkhard Schwenker, will initially help set up an Advisory Council for the rating agency, acting as its first member.
"Following intensive talks conducted across Europe, a number of financial companies have now agreed to support the establishment of a global rating agency of European origin," said Markus Krall, Partner at Roland Berger Strategy Consultants. "We will soon wrap up the fundraising and complete operational realization of the new independent agency. We are currently in the process laying the institutional and corporate groundwork."
Roland Berger Strategy Consultants will continue to support the project financially and conceptually. In doing so, Burkhard Schwenker will initially help set up an Advisory Council for the rating agency and act as its first member. "As a strategy consultancy, we have always seen our role more as that of an initiator and a source of inspiration, but not as the founding organization or operator of such an agency.
Roland Berger Strategy Consultants has provided intellectual input to help solve a problem, but has never pursued any business interests in the matter," says Schwenker. Roland Berger has always declared that the agency should also be independent of its initiators, he added. This is also necessary to ensure the independence of the international strategy consultancy and avoid any potential conflicts of interest.