McGladrey Expands Mid-Atlantic Depository Institutions Team
Heightened regulatory and market demands drive growth and client needs for specialized expertise
VIENNA, VA (August 29, 2011) – RSM McGladrey, one of the country's leading providers of tax and consulting services, recently announced the expansion of its Depository Institution Risk Advisory Team serving Maryland, Washington, D.C. and Virginia in response to increased demand from depository institutions (including banks, credit unions and other financial institutions that hold deposits) for specialized risk advisory services.
Heightened scrutiny from financial services regulators is prompting depository institutions to reexamine their risk management strategies in the areas of internal audit, Bank Secrecy Act (BSA), compliance, loan review, Sarbanes-Oxley, and enterprise risk management (ERM), according to Dan Whelan, partner and managing director in charge of risk advisory services in the Mid-Atlantic.
"These institutions continue to face significant hurdles from the fallout of the banking crisis and resulting stringent regulatory oversight, and are looking for the right subject matter expertise to help them minimize risk and enhance public, investor and regulator confidence," said Whelan. "With RSM McGladrey's expanded offerings in one of the most dynamic regions in the country for depository institutions, we know our firm's unique skills and capabilities will be highly valued by institutions of all sizes that are dealing with these complex and demanding issues."
The firm's expansion efforts include adding Director Will Ansah to lead the depository institution risk advisory consulting practice in Maryland, Washington, D.C. and Virginia, as well as several additional team members.
The RSM McGladrey Mid-Atlantic Risk Advisory consulting team includes:
"Our elite team of consultants has decades of combined experience serving some of the best-known U.S. depository institutions at the national and local levels," said Peter Brady, head of RSM McGladrey's East Region Risk Advisory Services. "With the economic and regulatory pressures these institutions continue to face, clients are looking for well-recognized brands, such as McGladrey, that can provide a level of insight, understanding and experience to help them proactively address issues and capitalize on opportunities."
To learn more about McGladrey and/or the McGladrey Depository Institutions Practice, call 1.800.274.3978 or visit www.mcgladrey.com.
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