Thomas G. Rees
- Senior Managing Director
- T: +1 610 254 4042
- F: +1 610 254 1188
- 1255 Drummers Lane
- Suite 320
- Wayne, PA, 19087
- United States
- T: +1 610 254 4010
- F: +1 610 254 1188
- M.B.A. University of Delaware
- B.S. in Accounting, Arizona State University
- Certified Information Systems Auditor
- American Institute of Certified Public Accountants (AICPA)
- Chartered Financial Analyst Institute
- Accounting & Risk Management
- Derivatives Analysis
- Forensic Accounting & Investigations
- SEC Investigations
- Securities Litigation & Risk Management
- Financial Institutions
Thomas Rees is a Senior Managing Director at FTI Consulting and is based in Wayne, PA. Mr. Rees is an accounting professional who provides clients with a variety of consulting and litigation related services, including determining the accounting for complex transactions, conducting forensic accounting investigations, and preparing expert testimony. Mr. Rees has extensive experience researching and interpreting generally accepted accounting principles (GAAP), with specific expertise in capital markets and financial instruments including derivatives, securitization and impairment. He has extensive financial services industry experience and specializes in SEC and bank regulatory matters, fraud investigations and evaluating internal controls. Mr. Rees prepares SEC filings and accounting position papers, and assists clients resolve accounting and other issues in regulatory comment letters and enforcement actions.
Mr. Rees previously served as the Deputy Chief Accountant at the Office of the Comptroller of the Currency (OCC), a Division of the U.S. Treasury Department responsible for regulating national banks. In his ten years with the OCC, Mr. Rees held management positions in the Chief Accountant’s Office and the Treasury and Market Risk Division and was responsible for developing and interpreting supervisory policy relating to accounting, auditing, financial reporting, capital markets, and risk management. He worked with representatives of the FASB, SEC, AICPA, and the Federal banking agencies to address emerging accounting issues and prepare comment letters on proposed accounting rules. He conducted safety and soundness exams of large internationally active financial institutions and community banks and assisted in the on-site supervision of troubled banks that securitized credit card and mortgage receivables. Mr. Rees also analyzed bank financial statements and disclosures, evaluating risk, the appropriateness of financial valuations and compliance with GAAP. He developed and led training sessions for Federal banking agency examiners on a variety of emerging accounting issues.
Mr. Rees represented the OCC on industry task forces that developed guidance on derivatives, securities impairment, loan loss allowances, securitization, mortgage banking, internal audit, and other accounting and regulatory capital issues. He represented the OCC in discussions with international bank supervisors and the Bank for International Settlements about accounting and disclosure as part of the analysis and development of new capital rules for banks (Basel II). In this capacity, he worked with the Basel Committee analyzing international bank disclosure practices and helped author papers about public disclosures and best practices.
Previously, Mr. Rees was the Chief Accounting Officer at Penn Mutual Life Insurance where he established accounting policy, conducted research, oversaw preparation of the company’s financial statements and managed relationships with external auditors, rating agencies and regulatory authorities. Earlier in his career, Mr. Rees was a Vice President at MBNA America (now Bank of America) and a Senior Auditor at Arthur Andersen.
Mr. Rees holds an M.B.A. from the University of Delaware and a B.S. in accounting from Arizona State University. He is a Certified Public Accountant and a Certified Fraud Examiner and holds the Chartered Financial Analyst designation. He previously served on the faculty of several colleges, including the University of Maryland, University College, where he taught forensic accounting and other accounting classes.