Jon D. Greenlee Joins KPMG LLP as Managing Director in the Firm's Financial Services Regulatory Practice

NEW YORK, Aug. 10 /PRNewswire/ -- KPMG LLP, the U.S. audit, tax, and advisory firm, today announced that Jon D. Greenlee, 47, formerly with the Board of Governors of the Federal Reserve System's Division of Banking Supervision and Regulation, has joined the firm's Financial Services Regulatory practice as a managing director. He will be based in KPMG's Tysons Corner, Va., office.

Greenlee will provide regulatory and compliance advisory services to help KPMG's financial services clients meet their various regulatory requirements – including those related to the recently signed Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") -- and guide institutions in becoming more proactive in identifying, measuring, monitoring, and managing regulatory risk.

Greenlee most recently served as associate director of risk management with the Board of Governors of the Federal Reserve System's Division of Banking Supervision and Regulation.  In this capacity, he supervised credit, market and liquidity, operational, and compliance risks and ensured the Federal Reserve had appropriate guidance and policies in place to address them.  He also participated in the development of new regulatory standards such as updated guidance on commercial real estate lending, revised liquidity standards, and interest rate risk.

"Financial regulation is expected to have widespread governance, risk, compliance, and capital implications for financial institutions and Jon's extensive senior-level regulatory and supervisory experience will provide an invaluable perspective to our clients and bolster our Financial Services Regulatory practice as we help them navigate this new regulatory and legislative environment," said Linda Gallagher, principal-in-charge of KPMG LLP's Financial Services Regulatory practice.

Previously, Greenlee was the deputy associate director of large bank supervision for the Board of Governors of the Federal Reserve System's Division of Banking Supervision and Regulation.  In this capacity, Greenlee was responsible for the risk-focused supervision of 20 large domestic and international firms supervised by the Federal Reserve.

Greenlee also served as assistant director of regional bank supervision for the Board of Governors of the Federal Reserve System's Division of Banking Supervision and Regulation.  In this capacity, Greenlee was responsible for the risk-focused supervision of 74 regional banks supervised by the Federal Reserve.

Prior to joining the Board of Governors of the Federal Reserve System in 2001, Greenlee was an officer and manager responsible for the supervisory oversight of large and regional firms at the Federal Reserve Bank of San Francisco.  He also was a bank examiner for the San Francisco Office of the Comptroller of the Currency and the Indiana Department of Financial Institutions, responsible for assisting and leading examinations of state-chartered community banks and large lending portfolios at multinational banks.

Greenlee holds a B.S. degree in Finance from Indiana State University.

KPMG Financial Services Regulatory Practice

The KPMG Financial Services Regulatory practice provides advisory services to help various types of financial institutions meet their regulatory requirements -- including risk management, reporting and compliance with specific regulations -- effectively and efficiently.

About KPMG LLP

KPMG LLP, the audit, tax and advisory firm (www.us.kpmg.com), is the U.S. member firm of KPMG International Cooperative ("KPMG International").  KPMG International's member firms have 140,000 professionals, including more than 7,900 partners, in 146 countries.

SOURCE KPMG LLP