Terrence Brody

For more than 20 years, Terry Brody has been entrusted to assist clients in navigating complex legal, regulatory and operational risks and challenges in many high-profile matters. Drawing upon his unique leadership experience in both government and the private sector, Terry regularly conducts complex investigations, guides corporations through periods of crisis and distress, assists global enterprises in analyzing and enhancing compliance programs, and provides independent monitoring and fiduciary services in coordination with law enforcement and regulators pursuant to court mandates.

With a distinct combination of AmLaw 100 law firm and government experience, Terry joined FTI Consulting after a successful tenure at Ankura Consulting Group. At Ankura, he played a key role in the firm’s growth and strategic direction, developing compliance, investigations, and risk management practices. Now at FTI Consulting, he continues to advise clients on regulatory scrutiny, enforcement actions and compliance challenges. His work includes conducting internal investigations, advising on risk management strategies and assisting companies in responding to government inquiries and enforcement actions.

Before joining Ankura, Terry served on the New Jersey Attorney General’s executive team, overseeing a department of more than 8,000 employees. In that role, he advised the Governor, Lieutenant Governor, Attorney General and cabinet on a wide array of complex legal, regulatory, law enforcement and emergency management matters. He also oversaw priority departmental initiatives, including the selection and deployment of key technology resources, modernization of departmental policies and procedures, the annual budgeting process and departmental reorganization to enhance efficiency and effectiveness.

In the aftermath of Hurricane Sandy, Terry helped establish and build a central recovery office responsible for coordinating New Jersey’s multibillion-dollar disaster recovery effort. He was later appointed by the Governor to a dual cabinet and senior staff position to lead the recovery office. In this role, Terry managed a cross-agency, multidisciplinary team that conducted a comprehensive analysis of storm impacts, risks and vulnerabilities and developed a suite of recovery and resilience initiatives to address these challenges across all sectors. Additionally, he helped develop compliance and monitoring protocols to mitigate the risk of fraud, waste and abuse, enhance transparency and manage audits and inquiries from various inspectors general and the U.S. Government Accountability Office.

Terry also practiced at an AmLaw 100 law firm, where he represented clients in complex commercial litigation, corporate investigations and regulatory matters. He advised executives and board members on corporate governance requirements and best practices. More recently, Terry became a partner at a law firm, where he served as the lead negotiator of complex project delivery and funding agreements for the Gateway Development Commission — a bi-state agency responsible for building $17 billion tunnels into midtown Manhattan to expand commuter and intercity rail services.

Relevant Experience:

• Served as interim Chief Compliance Officer of a large insurance broker under parallel DOJ criminal and civil investigations; later appointed interim President to facilitate an orderly wind-down of operations
• Conducted a compliance and ethics program effectiveness assessment and assisted with program enhancements for a global corporation under federal investigation for multiple alleged Foreign Corrupt Practices Act violations, helping seek mitigation of potential penalties under U.S. Sentencing Guidelines
• Assisted a late-stage, diversified financial services startup with a legal and regulatory risk assessment, compliance program gap assessment and the development of compliance and ethics programming as part of its public readiness efforts
• Served as lead Trustee of the $11 billion Subrogation Wildfire Trust, created as part of Pacific Gas and Electric’s Chapter 11 Plan of Reorganization to compensate insurance carriers for indemnity payments related to the 2017 and 2018 California wildfires
• Led the independent oversight and reporting functions in connection with a court appointment to oversee a multibillion-dollar settlement of class action and regulatory enforcement suits against Volkswagen stemming from the “clean diesel” scandal
• Co-led an integrity monitoring team appointed by one of the world’s largest rapid transit systems to oversee compliance with federal laws and regulations on an $11 billion commuter rail expansion project
• Assisted a multibillion-dollar specialty pharmaceutical company with an internal investigation into allegations of false claims related to Medicaid rebates for one of its major products
• Conducted multiple internal investigations for a Fortune 500 financial services company concerning potential data leakage; led a multidisciplinary team of cybersecurity, system architecture and data analytics experts to identify the root cause, assess the scope of potential leakage and fulfill regulatory reporting requirements
• Advised the Commonwealth of Puerto Rico on establishing a transformation office to manage financial restructuring and government reforms mandated by the federal Puerto Rico Oversight, Management and Economic Stability Act
• Led negotiations for the Gateway Development Commission with various stakeholders on foundational project delivery and funding agreements for the $17 billion Hudson Tunnel Project