He has a unique blend of public and private sector experience, as a bank regulator, practicing Chief Risk Officer and financial services consultant.
Mr. Gibbons brings more than 36 years of public and private sector experience in banking and bank regulation and is widely recognized as a leader and expert in matters relating to bank supervision, regulatory relations and troubled institution remediation, ERM and credit and compliance risk management activities.
Most recently, he was a Managing Director and Coordinator of Enterprise Risk, Enforcement Advisory and Credit Risk Services for Promontory Financial Group, where he served for five years. There, he advised banks, thrifts, private equity and other financial firms in the areas including: troubled bank rehabilitation and regulatory relations remediation, ERM program and component evaluation and development, credit and whole bank due diligence, liquidity contingency funding and capital plan development.
Prior to that, Mr. Gibbons was the Chief Risk Officer for HSBC Holdings for North America from 2004 through 2007. There, he led the implementation of advanced risk management practices and programs to include advanced credit and operational risk management approaches (consistent with Basel II), economic capital, and enterprise risk reporting to management and board members. He also represented HSBC North America with regulators (The Board of Governors of the Federal Reserve System and Office of the Comptroller of the Currency), rating agencies, significant trade associations, and “the hill,” and he served as Chair of the Enterprise Risk Management Group for the American Bankers Association and the Chief Risk Officer Roundtable of the Risk Management Association.
Before HSBC, he served in several senior-level positions for the Office of the Comptroller of the Currency (OCC) for 27 years. From 1997 to 2002, he served as Deputy Comptroller for Credit Risk where he evaluated credit risk in the national banking system (NBS) and the broader financial services sector, and developed and implemented appropriate supervisory and policy responses.
From 2002 to 2004, Mr. Gibbons served as Deputy Comptroller of the Currency for Special Supervision (troubled institutions) where he managed troubled bank rehabilitation and resolutions in the NBS, and led the “loss free” resolutions of several of the largest, most complex troubled institutions. Mr. Gibbons also served as the Examiner-in-Charge of Chase Manhattan Corp., Fleet Financial Group and Shawmut National.
Mr. Gibbons earned a bachelor’s degree in economics and finance from Alfred University in Alfred, New York. He has been widely published on matters relating to his subject matter expertise.