Donna Halverstadt is a Managing Director of the Insurance group at Kroll Bond Rating Agency. Donna leads the KBRA insurance ratings team, merging her industry and capital markets expertise with KBRA’s extensive insurance knowledge. She joins KBRA with over 30 years of experience with financial institutions, primarily insurers. Prior to KBRA, Donna served as a sell-side corporate bond research analyst at Morgan Stanley, Nomura and Goldman Sachs. She spent the bulk of her career at Goldman Sachs, devoting over 25 years to that firm’s Research, Investment Banking and Fixed Income divisions. Donna built Goldman Sachs’ credit research coverage of insurance companies, an industry sector that prior to her had not been covered by that firm’s credit research effort. She also spent time leading Goldman’s London-based European Credit Research team. Prior to credit research, Donna worked in that firm’s Financial Institutions group within its Investment Banking division, working primarily with insurance companies; and prior to that was in its Fixed Income division, originating and executing securitization transactions. Halverstadt holds an MBA from the UCLA Anderson School of Management and an AB from Dartmouth College.
Donna was selected several times to Institutional Investor Magazine’s All-America Fixed Income Research team.