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. Terry has 15 years of experience advising clients on complex litigations, conducting regulatory investigations, and managing multibillion-dollar government budgets and programs. 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 executive team of the New Jersey attorney general’s, 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.
    • 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 the state to deploy independent monitors in connection with certain Hurricane Sandy recovery and rebuilding projects.
    • Defended the state of New Jersey and negotiated a favorable settlement in a 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.
    • Negotiated a multibillion-dollar transportation program agreement that provided critical funding for road and bridge projects.

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