-
Deloitte's yearlong exile from New York's financial services consulting scene is harming the reputation of its financial technology consulting business, according to two executives in charge of tech operations at banks.
June 20 -
Banks will have to scrutinize their relationships with consultants, brace for the possibility of a wave of regulation of consulting practices and have backup plans in case a key advisor ever receives a punishment like the one New York state dealt Deloitte.
June 19 -
In the first case of a state taking on bank consultants, New York regulators have banned Deloitte Financial Advisory Services from financial consulting for one year.
June 18 -
Deloitte Corporate Finance has acquired McColl Partners, a middle-market investment bank founded by retired Bank of America Chief Executive Hugh McColl.
June 10
Deloitte's compliance-advisory group has added a former bank director with extensive experience in ethics and corporate governance.
Keith Darcy has been named a senior advisor in Deloitte's governance, regulatory and risk strategies enterprise compliance practice, the consultancy announced Tuesday. Darcy was the executive director of the Ethics & Compliance Officer Association, a membership organization for compliance officers based in Waltham, Mass., from 2005 until last month.
Darcy's banking experience includes stints on the boards of E-Trade Bank (ETFC), where he was chairman of the nominating and governance committee, and New York National Bank in the Bronx, where he sat on the compliance committee. New York National was bought in 2006 by Hudson Valley Holding Corp. (HVB) in Yonkers, N.Y.
Darcy has also held positions at Prudential Securities, the insurance company IGM and a related derivatives-trading firm, Deloitte said. Since 1994, he has taught a course on ethics and leadership at Wharton business school at the University of Pennsylvania.
"During his career, [Darcy] has helped global organizations in a wide range of industries address compliance, governance and regulatory challenges," said Nicole Sandford, national practice leader for governance and enterprise compliance services at the Deloitte & Touche unit. "Our clients will truly benefit from [Darcy's] deep compliance experience and innovative approach to enhancing the effectiveness of compliance activities."
Deloitte's governance, regulatory and risk strategies division advises businesses and boards of directors on compliance and risk management strategies.