The global risk management team from Emcor, headed by Robert J. Baldoni, has joined Ernst & Young LLP's risk management and regulatory practice. A former director of finance at Sperry Corp., Mr. Baldoni had been a managing director at Emcor, an Irvington, N.Y., consultancy, since 1986.

He and his team were leading designers of financial risk management programs, and were widely cited as experts when journalists had to make sense of a rash of derivatives-related financial disasters two years ago. The group also pioneered corporate applications for the use of value-at- risk methodologies.

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