Wolters Kluwer Financial Services Continues Expansion of Regulatory and Risk Management Consulting Practice

  Wolters Kluwer Financial Services Continues Expansion of Regulatory and Risk
  Management Consulting Practice

Business Wire

MINNEAPOLIS -- February 21, 2013

Wolters Kluwer Financial Services announced today that it continues the
expansion of its Consulting Practice with the addition of two senior
consultants, who together have more than 50 years of financial services
industry experience.

Thomas Grundy joins the company from KPMG where he was a manager in the firm’s
Financial Risk Management practice. Additionally, Jeffrey Kalscheur joined the
company from M&I Corporation (M&I), where he was a vice president and internal
compliance audit manager. Both Grundy and Kalscheur are former federal
regulators as well. Grundy worked for the Office of the Comptroller of the
Currency (OCC) and the Federal Reserve Board (FRB), and Kalscheur for the
Federal Reserve Bank of Minneapolis and former Office of Thrift Supervision

“The addition of Tom and Jeff to our team is in direct response to our
customers’ growing and evolving concerns in the areas of risk and compliance
management,” said Timothy Burniston, vice president and senior director for
Wolters Kluwer Financial Services, who leads the company’s Consulting Practice
in the U.S. “Today’s financial services organizations face an overwhelming
number of new regulatory requirements, complex compliance management
challenges, growing internal and external fraud concerns, as well as the need
to adjust to different supervisory approaches from the regulators. It’s no
longer enough to just meet the technical requirements. Regulators are
demanding organizations implement holistic and transparent enterprise
compliance and risk management programs.”

Burniston noted Grundy and Kalscheur’s knowledge and experience builds upon
that of his existing team of consultants that includes former regulatory
examiners, compliance officers, risk managers, regulatory attorneys,
executives, operations managers and technology experts. Working together as
part of Wolters Kluwer Financial Services’ Consulting Practice, these experts
provide financial organizations with risk management, regulatory compliance
and strategy development services.

Grundy has served the financial services industry for more than 27 years as a
former regulator, compliance professional, and consultant—most recently at
KPMG. He has significant experience in risk-based enterprise compliance
program assessment, development and implementation; governance processes;
compliance training; pre-charter conversion reviews; and regulatory
examination management and response. He also has experience performing
targeted assessments for compliance with a wide range of federal consumer
protection and safety and soundness laws and regulations impacting lending,
deposits, electronic banking, information privacy and security, trust and
fiduciary operations, community reinvestment, and anti-money laundering (AML).

In addition, Grundy will be offering guidance on how to develop an effective
UDAAP compliance program and practical tips on how to assess UDAAP compliance
risk during two workshops taking place at the American Bankers Association’s
Risk Management Forum, held in Baltimore from April 24-26.

Kalscheur has over 25 years of industry experience, including more than a
dozen years in internal audit with Firstar Corporation and M&I six years as a
regulatory compliance examiner with the FRB and OTS; and six years providing
regulatory compliance, internal audit and loan review consulting services.
While at M&I, he managed audits of credit-related activities, including
origination, servicing, and disposition, as well as credit policy development
and adherence.At Firstar, he helped to develop and implement its regulatory
compliance internal audit program and managed audits of the mortgage, consumer
loan, and consumer and commercial operations areas.As a consultant, he
developed and executed regulatory compliance reviews, AML/Bank Secrecy Act
independent reviews and training presentations, as well as Sarbanes-Oxley
control identification and assessment projects.

For more information about Wolters Kluwer Financial Services’ Consulting
Practice, please visit www.WoltersKluwerFS.com/Consulting.

About Wolters Kluwer Financial Services

Whether complying with regulatory requirements, addressing a single key risk,
or working toward a holistic risk management strategy, more than 15,000
customers worldwide count on Wolters Kluwer Financial Services for a
comprehensive and dynamic view of risk management and compliance. Wolters
Kluwer Financial Services provides audit, risk and compliance solutions that
help financial organizations improve efficiency and effectiveness across their
enterprise. With more than 30 offices in 20 countries, the company’s prominent
brands include: FRSGlobal, FinArch, ARC Logics for Financial Services, Bankers
Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes,
NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is
part of Wolters Kluwer, a leading global information services and publishing
company with annual revenues of (2011) €3.4 billion ($4.7 billion) and
approximately 19,000 employees worldwide. Please visit our website for more


Wolters Kluwer Financial Services
Jennifer Marso, 612-852-7912
Vice President of Corporate Marketing & Communications
On Twitter: @JenniferMarso
Charles Miller, 320-240-5457
Corporate Communications Manager
On Twitter: @CharlesWMiller
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