With 20 years of consulting experience, Mr. Schmeiser has delivered complex transformation initiatives with clients across various industries including retail and commercial banking, mortgage servicing, capital markets, private equity and insurance. He specializes in cost reduction, wind downs, merger / integrations, divestitures, carve-outs and revenue improvement.
Mr. Schmeiser has managed several projects within the front, middle and back offices of large financial institutions. For the past 10 years, Mr. Schmeiser has led the wind down of all business units and back office functions for Aurora Bank FSB, f.k.a Lehman Brothers Bank.
Mr. Schmeiser manages all strategic initiatives of Aurora to efficiently shutdown all operations. He is responsible for managing legal and in-house managed litigation strategy, human resources and staffing plans, reducing footprint of information technology (including hard/electronic documents), and finance and accounting (including budgeting, forecasting and cash flow/LTF). As well as being responsible for claims management, settlements with government agencies (GSEs & DOJ), vendor reduction and contract negotiations across all business units, and reports directly to the CEO, GC, CFO and Board of Directors of Lehman Brothers Inc.
Additionally, Mr. Schmeiser led the Transition Management Office, preparing Aurora for sale and developed strategies for transition to new buyers. In this role, he managed client resources responsible for modeling various sales scenarios including aligning resources, non-personnel costs and revenue projections to business units, assisted in finalizing the asset sales, led the transition and boarding of residential and commercial loans to multiple buyers, and worked with the regulators (OCC) to return the bank charter.
Mr. Schmeiser also led several cost reduction projects across all G&A functional groups including IT, Risk Management, Audit, HR, Finance / Accounting, Quality Control and Compliance. He identified ~$50 million of savings through redesigned processes, headcount reduction, reduced vendor spend and restructuring day-to-day operations, and led a client team to implement new budgets and aligning cost savings with the bank’s future business plan.
Mr. Schmeiser earned a bachelor's degree in business management, with a focus in accounting and finance, from Gettysburg College.