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Angela Desmond joins Corporate Risk Advisors as managing director

Staff writer |
Washington, D.C., USA - October 30, 2009, Washington, D.C., USA - Corporate Risk Advisors LLC, a consulting and strategic advisory firm for the financial services industry, announced that former federal reserve board officer Angela Desmond has joined the firm as managing director.

Ms. Desmond has considerable experience in policy development, financial services regulation, payment and settlement systems, corporate governance, enterprise risk management, and international coordination and outreach. Prior to joining Corporate Risk Advisors, Ms. Desmond served as Chief of Staff for Mark W. Olson, Chairman of the Public Company Accounting Oversight Board (PCAOB), and acted as interim Chief Administrative Officer.

Ms. Desmond is a former officer with the Federal Reserve Board, where her work included contributing to the development and implementation of its Enterprise Risk Management Program; assisting in efforts to improve the resilience of the U.S. financial system and Critical Infrastructure; and helping to establish and implement policy and supervisory initiatives relating to futures commission merchants, investment advisors, and bank securities and insurance activities.

Ms. Desmond also was active in coordinating business continuity and pandemic planning efforts involving the Federal Reserve, federal financial agencies, and the financial sector. She participated in several work groups at the Joint Forum and the Financial Stability Forum, and in outreach efforts to foreign central banks and regulatory authorities on behalf of the International Monetary Fund. She was a principal author of an interagency statement, Sound Practices to Strengthen the Resilience of the Financial System (2005), and a Joint Forum paper, High Level Principles for Business Continuity (2005).


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