Terrence S. Brody
Senior Managing Director

Investigations, Compliance, & Monitorship Experience; Former Government Executive

Terry Brody is a Senior Managing Director at Ankura based in New York, NY. Terry has more than 15 years of experience helping clients navigate complex legal, regulatory, and operational risks and challenges. Drawing upon his unique leadership experiences in government and the private sector, Terry regularly conducts complex investigations, provides compliance counseling, and delivers independent monitoring and reporting services for organizations that allegedly engaged in misconduct or that proactively seek to reduce the risk of noncompliance with applicable laws, regulations, and authorities.

  • Experience

    Before joining Ankura, Terry served on the New Jersey Attorney General’s executive team, where he oversaw a department of more than 8,000 employees. In that role, Terry advised the Governor, Lieutenant Governor, Attorney General, and cabinet on a wide variety 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, the revision of departmental policies and procedures, and the reorganization of the department to enhance efficiency and effectiveness.

    In the aftermath of Hurricane Sandy, Terry helped establish and build a central recovery office charged with coordinating the state of New Jersey’s multibillion-dollar disaster recovery effort. He was later appointed by the New Jersey Governor to a dual cabinet and senior staff position to head the recovery office. In this role, Terry managed a cross-agency, multidisciplinary team that performed a comprehensive analysis of storm impacts, risks, and vulnerabilities, and developed a suite of recovery and resilience initiatives to address impacts across all sectors. Terry also assisted in the development of compliance and monitoring protocols to mitigate the risk of fraud, waste, and abuse, and to enhance transparency, and managed audits and other inquiries from various inspectors general and the US Government Accountability Office.

    Earlier in his career, Terry worked at two large law firms representing clients in complex commercial litigations, corporate investigations, and regulatory matters, and advised executives and board members on corporate governance requirements and best practices, litigation risk, and other business decisions.

    Terry’s professional experience includes the following:


    • Leads 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 brought against a global automobile manufacturer.
    • Co-leads integrity monitoring team appointed by one of the largest rapid transit systems in the world to provide oversight with respect to certain construction contracts on an $11 billion subway expansion project to ensure contractors are in compliance with various federal laws and regulations.


    • Assisted multibillion-dollar specialty pharmaceutical company with internal investigation related to allegations that the company had improperly changed the Medicaid rebate for one of its major products.
    • Conducted multiple internal investigations for Fortune 500 financial services company related to instances of potential data leakage. Delivered traditional investigative services while leveraging the firm’s cybersecurity and data analytical capabilities to help identify root cause and scope potential leakage.

    Compliance Advisory:

    • Conducted comprehensive legal and regulatory risk assessment for global manufacturer and retailer. Developed detailed action plan to address prioritized risks and enhance compliance and ethics program.

    Government Experience:

    • Managed high-priority investigations and enforcement actions brought by the New Jersey Attorney General on behalf of the New Jersey Bureau of Securities, Consumer Protection Bureau, Division of Investments, Department of Environmental Protection, and Department of Labor, and other state regulators.
    • Managed the state of New Jersey’s investigation and negotiation of the landmark National Mortgage Settlement with the country’s five largest mortgage servicers.
    • Oversaw the implementation of New Jersey’s Integrity Oversight Monitor Act, which required independent monitors to oversee certain Hurricane Sandy recovery and rebuilding projects.
    • Defended New Jersey and negotiated settlement in highly-publicized payment dispute with the federal government arising from the cancellation of a major transportation project.
    • Oversaw an investigation into the employee classification practices of one of the world’s largest courier delivery companies.
    • Conducted an internal investigation of a national health care provider that was under review by the US Department of Justice and the US Department of Health and Human Services for violations of the federal False Claims Act and other laws and regulations.

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