BOSTON, MA and WASHINGTON, DC--(Marketwire - October 14, 2008) - Business Intelligence Advisors, Inc. ("BIA"), an independent research and advisory services firm which pioneered the use of behavior assessment and intelligence-based techniques to evaluate corporate disclosure and provide transparency to institutional investors, announced the appointment of Richard Leggett as Chairman and Chief Executive Officer of the firm.
Mr. Leggett, who brings nearly 18 years of financial services experience to BIA, joins the company from RiskMetrics Group, where he ran the Governance Business unit. Prior to RiskMetrics Group, Mr. Leggett was President and Chief Executive Officer of the Center for Financial Research and Analysis (CFRA), a leading independent research firm that was acquired by RiskMetrics in 2007. Prior to joining CFRA, Mr. Leggett was a Managing Director at Goldman Sachs in New York and London in both the equity research and investment banking divisions. Mr. Leggett also serves as Chairman of Investorside Research, a non-profit trade association representing the independent research industry.
Mr. Leggett joins BIA shortly after the firm raised additional capital from Frontier Capital and .406 Ventures.
"We are extraordinarily fortunate to have Rich join us at this exciting time for the Company," said Cheryl Cook, President and co-founder of BIA. "Rich brings a wealth of knowledge about the independent research industry, as well as a deep understanding of our clients, with whom we've built a very special company."
Mr. Leggett said, "I couldn't be more excited to join BIA, a company and team of professionals that I've known and admired for several years. BIA is a unique company with a unique value proposition. We have only begun to explore the potential ways we can bring greater value to clients, and I look forward to working closely with the BIA team to realize that potential. Given the current market backdrop, there has never been a greater need for providing investment professionals with highly differentiated and unique research services."
About BIA
Founded in 2001, Business Intelligence Advisors is the leading intelligence-based research and advisory firm. BIA's proprietary Tactical Behavior Assessment Model™ (TBA) is used by leading investment and other financial service professionals to enhance their investment and underwriting decision process and to mitigate risk. BIA's suite of service offerings include: proprietary investment research, expert advisory jayservices, in-depth due diligence support and a broad range of on-site and web-based educational programs that provide transparency and insight into the completeness and reliability of corporate disclosure. BIA's services are delivered by a team of in-house experts from the intelligence community. BIA has offices in Boston and the Washington, DC area.
Contact Information: Cheryl A. Cook Business Intelligence Advisors, Inc. 617.226.2607