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|H. Russell Fraser|
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It is with deep sadness that we mourn the passing of Russ Fraser. Russ passed away on November 21, 2012 at his home in Littleton, CO. Click here to view his obituary.
Induction Speech for H. Russell Fraser
Inducted November, 1998
Under his direction, AMBAC’s assets grew from $35 million in 1980 to more than $1 billion at the end of 1988. Between 1989 and 1997, Fraser served as chairman and CEO of Fitch Investor Services, Inc., a bond rating agency. During his tenure there, Fraser led Fitch into a twelve-fold increase in revenues and a return to profitability. In 1997, Fitch merged with IBCA, a London-based rating agency that specializes in bank and sovereign debt ratings. In October 1997, Fraser launched American Capital Access, a financial guaranty company specializing in insurance of bonds that are unrated or have credit quality levels of single-A, triple-B, or double-B.
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