Specialized Financial Sector Advisors
Former OTS Assistant Regional Director of the Southeast Division-Office of Thrift Supervision. Prior to joining OTS, Jim served as Vice President and Supervisory Agent for the Federal Home Loan Bank of Atlanta. Previously he served as Chief of the Bureau of Thrift Institutions for the State of Florida. He has an MBA in finance and CPA.
Jack Biggs has over twenty two years of financial sector experience
specializing the resolution of problem banks and their assets. His
experience includes bank privatization as well as valuing, managing and
marketing troubled loan portfolios and real estate which required working
with debtors, creditors and investors.
In 2007, he served as the Senior Vice President of Latin American Operations
for FirstCity Servicing Corporation, an affiliate of FirstCity Financial
Corporation. His responsibilities included asset acquisitions as well as
setting up new servicing operations, projecting loan recoveries, litigation
management and similar matters. While Senior Vice President, he successfully
priced, bid and closed four major non-performing residential portfolios in
Mexico and two major commercial portfolios in Brazil. In 2009, he was
redeployed to US acquisitions where he helped price and buy several hundred
million dollars in distressed assets.
From 2002 until joining FirstCity, Biggs was with BearingPoint Corporation
(previously known as KPMG Consulting) where he provided support to the
emerging economies on troubled asset management and recovery. Previously,
Jack was primarily responsible for the sale of approximately US$1 billion of
assets from a large US failed bank and worked with a prominent U.S. law firm
Richard Cox has 33 years experience as a bank examiner for the FDIC and has led examinations ranging from small community banks, to regional and money center banks. From 2002 through 2010 he was the FDIC’s resident examiner-in-charge of Bank of America, which included briefings to the Chairman of the FDIC and other Senior Executives throughout the financial crisis. He spent the majority of his career in the New York Region where he was a field Capital Markets Specialist since 1991. He was named Regional Employee of the Year in 1996 largely due to his work at Banker’s Trust Company and at Diawa Bank following a $1B defalcation. He also developed and taught capital markets and financial analysis courses for the FDIC over a 20 year span. This included an assignment to adopt an FDIC course for use by Thailand’s Central Bank in 2000. Mr. Cox graduated Cum Laude from Millersville University in 1977 and in the top 3% of his class from Prochnow Graduate School of Banking at the University of Wisconsin in 1987.
Former FDIC senior bank examiner with strong experience in safety and soundness (risk management), compliance, fair lending, CRA, and small bank data center (IT) examinations.
Former Federal Housing Finance Agency Deputy General Counsel with over thirty years of bank regulatory and resolution experience. As Deputy for Conservatorship Operations, he oversaw all the legal work of the Fannie Mae and Freddie Mac conservatorships, including major bankruptcies, large commercial loan workouts, SEC securities filings, tax and regulatory matters, and various class action lawsuits. Prior to FHFA, he served as General Counsel to the Office of Federal Housing Enterprise Oversight (OFHEO), where he directed major enforcement cases involving accounting irregularities at Fannie and Freddie. He has also served in senior legal positions at the FDIC and the former Federal Home Loan Bank Board. He is a member of the Virginia and US Supreme Court bars.
Highly sought-after financial sector strategic advisor and a former career regulator who became Executive Director of FDIC's divisions of Supervision and Resolution during the prior banking crisis. As Executive Director, he oversaw the activities of 4,300 bank regulators and a cadre of 300 highly-trained resolution specialists. His team oversaw more than 1,200 banking resolutions involving over $140 billion in assets.
Ms. Hargrove is a seasoned financial executive with over 30 years of experience in commercial and investment banking, government, and international consulting. She has an MBA from the Wharton School, Graduate Division, and she is a Chartered Financial Analyst (CFA). She spent 8 years as Pennsylvania’s Secretary of Banking after which she began providing general financial advisory services to banks and bank supervisors in Central Europe, the Middle East and Asia. She has knowledge and experience in a number of financial disciplines, including Asset and Liability Management (ALM)/Treasury Management; Bank Supervision; Basel II and III; Corporate Governance; and Enterprise Risk Management /Risk Management.
Former Regional Bank President, CFO and Chief Credit Officer of a large community bank. Extensive experience in the fields of merger and acquisition services, credit policy and portfolio management assistance, loan workout and bankruptcy support, and interim executive assignments.
Former FDIC Board Deputy to OTS Director and career financial sector regulator with experience in all aspects of regulatory operations and risk management, including: examination; enforcement; and, failed bank resolution.
Bob Pasley was with the Office of the Comptroller of the Currency (OCC) for 30 years as an attorney and then as an Assistant Director in the Enforcement and Compliance Division. After he left the OCC, he worked for FinCEN for a year as a consultant and then for Bank of America as a Senior Vice President. He is a graduate of the Hamilton College, Cornell Law School and the Stonier Graduate School of Banking. His honors thesis at Stonier was on the Consolidation of the Banking Agencies. He has lectured and written on anti-money laundering issues, is a member of the Association of Certified Anti-Money Laundering Specialists (ACAMS) and is on the Board of the Washington, D.C. Chapter of ACAMS. He is now a consultant in the area of anti-money laundering and bank regulatory matters.
Former OFHEO Director of Supervision and OCC Multinational Bank Director and CIO. Former career regulator and recognized expert on commercial banking and mortgage market regulatory matters. Former chief regulatory advisor to new CEO of Fannie Mae; former Director of Supervision and Director for Capital Supervision for OFHEO where he managed and oversaw all examination and regulatory actions to address safety and soundness, capital, accounting, control, and operational weaknesses. A highly experienced commissioned examiner who served on the Executive Management Team at the Office of the Comptroller of the Currency (OCC) where he served as a Director for Multinational Bank Program and Acting CIO.
Former FSLIC Deputy Director who is a recognized expert in the valuation and recovery of troubled financial institution loans and other assets. Former FDIC Managing Liquidator and former FSLIC Deputy Director for Assets. Currently serves as expert advisor to financial institutions and borrowers in debt settlement as well as provides M&A advice and due diligence for both buyers and sellers of financial institutions or their assets.
Former FDIC CFO and Supervision Executive. Successful and experienced expert and consultant on bank regulation and resolution issues. Former CFO for FDIC and RTC; former executive in FDIC supervision and failed bank resolution divisions. Former senior analyst at Texas-based financial sector advisory firm.
Bob Schmid is a former director of mortgage-backed securities disclosure at Fannie Mae; former senior manager at KPMG LLP/BearingPoint, Inc., where he advised federal credit agency clients on loan and loan guarantee program inception and management; and former senior vice president of a GE Capital subsidiary that acquired and managed single-family loan assets. Early in his career, Schmid led teams that managed and disposed of thrift institution receivership assets in various positions with the Resolution Trust Corporation and Federal Savings and Loan Insurance Corporation.
Former safety and soundness and compliance examiner with the Federal Deposit Insurance Corporation. Served as Compliance/CRA/BSA Officer for a community bank in western MA before joining a large community bank in central CT as Compliance Officer. Currently provides compliance, CRA, and BSA consulting services to banks and credit unions throughout CT and MA.
Former FDIC Board Deputy to Comptroller of the Currency (OCC) Director and former executive level banking supervisor/regulator for the Office of the Comptroller of the Currency. A well recognized safety and soundness expert who served as senior advisor to the Comptroller of the Currency on all matters before the FDIC Board of Directors and represented the Comptroller at FDIC audit, liquidation, management, and the assessment appeals committees.