Former Federal Reserve Bank of Chicago official Brian Gordon joins Ernst & Young LLP's Financial Services Office

NEW YORK, Oct. 9, 2013 /PRNewswire/ -- Brian Gordon, former Senior Professional in the Risk Specialists Division at the Federal Reserve Bank of Chicago, has joined the Financial Services Office of Ernst & Young LLP as an Executive Director. Gordon will join EY's growing Global Regulatory Network, an executive team of former senior regulators who closely monitor evolving policies and practices and provide guidance on the practical implications of regulatory developments, including supervisory directives for governance, risk management and internal controls.

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"We are extraordinarily pleased to have Brian Gordon join our team and share his extensive risk and regulatory experience with our clients," said Hank Prybylski, Advisory leader, Financial Services, Ernst & Young LLP. "Brian played an important role in shaping the current regulatory landscape, and now our clients will have access to his special skills and strategic insight. With Brian now at EY, we've significantly strengthened the organization's already robust global network of regulatory advisory professionals who help financial institutions with a wide range of complex regulatory and risk management issues."

Gordon brings nearly 30 years of banking experience to Ernst & Young LLP, including having spent the past ten years with the Chicago Fed, where he was the Wholesale Credit Team lead for Systemically Important Financial Institutions (SIFIs). Beginning with the original Supervisory Capital Assessment Program (SCAP), Gordon has held leadership positions in the Federal Reserve's stress testing process. In recent years, for the Comprehensive Capital Analysis and Review (CCAR) process, Gordon led the Federal Reserve's Wholesale Supervisory Modeling Team, which estimates losses under stressful conditions for corporate and commercial real estate loans. In addition, he has worked on Basel II qualification and economic capital. Previously, Gordon has held positions across banks and advisory firms in the banking, securitization and finance industries.

"Financial services firms continue to work through understanding and implementing changes to meet regulatory reform requirements, while also trying to identify opportunities for growth," said Gordon. "I'm excited to bring my experience from the regulatory side to EY and assist institutions in developing frameworks that will enable them to consistently make better informed risk-adjusted decisions."

Gordon has a Master's of Business Administration from Loyola University of Chicago. He also earned a BS in Industrial Engineering from Northwestern University.

Gordon joins EY's growing Global Regulatory Network, including most recently Marc Saidenberg, former SVP and head of the financial policy and analysis function at the Federal Reserve Bank of New York, and which is led by former Basel Committee Secretary General Stefan Walter. The Global Regulatory Network drives EY's strategic outlook on global regulatory themes impacting the financial services industry, such as capital, liquidity, resolution and recovery planning, risk governance and other emerging topics in banking regulation.  

EY is a leader in serving the global financial services marketplace

Nearly 35,000 EY financial services professionals around the world provide integrated assurance, tax, transaction and advisory services to our asset management, banking, capital markets and insurance clients. In the Americas, EY is the only public accounting organization with a separate business unit dedicated to the financial services marketplace. Created in 2000, the Americas Financial Services Office practices today include more than 6,500 professionals at member firms in over 50 locations throughout the US, the Caribbean and Latin America.

EY professionals in our financial services practices worldwide align with key global industry groups, including EY's Global Asset Management Center, Global Banking & Capital Markets Center, Global Insurance Center and Global Private Equity Center, which act as hubs for sharing industry-focused knowledge on current and emerging trends and regulations in order to help our clients address key issues. Our practitioners cover many disciplines and provide a well-rounded understanding of business issues and challenges, as well as integrated services to our clients.

With a global presence and industry-focused advice, EY's financial services professionals provide high-quality assurance, tax, transaction and advisory services, including operations, process improvement, risk and technology to financial services companies worldwide.

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This news release has been issued by Ernst & Young LLP, a member of the global EY organization that provides services to clients in the US.

SOURCE EY