Washington, D.C.—Patomak Global Partners, LLC today announced a new management structure featuring a supervisory board and an executive committee of partners.  The new structure represents the firm’s transition to new leadership as its founder Paul S. Atkins departs the firm to commence his new role as Chairman of the U. S. Securities and Exchange Commission.

Atkins founded Patomak 16 years ago to provide expert advice on compliance, risk management, conflict resolution, and overall strategy across the spectrum of financial services and other sectors.  Since its founding, Patomak has provided advice to domestic and global financial services firms spanning securities, derivatives, banking, digital assets, and other areas of modern finance. Patomak has worked closely with clients to understand financial regulations and enhance compliance and risk management practices relating to a wide array of products and services.

The new management structure includes a non-executive supervisory board to help guide the firm’s strategic growth and to consult with clients on global priorities.  The supervisory board will be chaired by former SEC Chairman Richard C. Breeden.  Mr. Breeden will be joined by former Federal Reserve Board Vice Chairman Randal K. Quarles.

“I have long admired the sophistication of Patomak and the level of excellence it delivered to clients across the financial services world under the leadership of Paul Atkins,” said Mr. Breeden.  “I am excited to chair our newly established supervisory board at Patomak Global Partners and to help provide leadership in developing the firm’s strategy and capabilities.  We intend to carry forward the firm’s legacy of client service excellence, while also helping clients navigate today’s exceptional new market challenges.”

“For many years, I have had great respect for the work of Patomak Global Partners,” Mr. Quarles said.  “I look forward to helping lead the firm and its impressive team of seasoned professionals as they continue to support clients with the compliance, risk, and strategic support needed in today’s business environment.”

Both Mr. Breeden and Mr. Quarles have played pivotal roles in the evolution of U.S. and global financial markets.  Mr. Breeden served under three Presidents in a series of positions, including three presidential appointments, culminating in his service as the 24^th Chairman of the U.S. Securities and Exchange Commission.  Mr. Breeden served in the White House in roles that included domestic and international financial and regulatory policy, and he led the development of an effective resolution of the savings and loan crisis.  During his tenure at the SEC, Mr. Breeden was actively involved in advancing new financial technologies, simplifying regulations, and reducing barriers to innovation in financial markets.  These efforts included steps such as authorizing the first ETFs and widespread use of electronic trading.  Since his time in government, Mr. Breeden has founded several successful consultancies and equity investment funds with over $1.5 billion in assets under management.  He recently finished work on behalf of the U.S. Department of Justice in providing over $4.3 billion in assistance to 41,000 victims of the fraud at Madoff Securities.

Mr. Quarles has spent his career in a broad range of senior roles, in which success has required combining a deep analytical understanding of complex financial systems with the practical judgment involved in managing risk.  His prominent career included heading the financial services legal practice at Davis Polk & Wardwell, where he was involved in a number of the largest financial mergers ever completed, and many years as a partner at the Carlyle Group, one of the world’s leading private equity firms, where he helped lead the development of the firm’s Financial Services Fund complex.  Mr. Quarles also held senior financial policy positions in four different presidential administrations over the last 35 years, including six confirmations by the U.S. Senate, serving as Under Secretary for Domestic Finance at the U.S. Department of the Treasury, and, most recently, serving as the Vice Chairman for Supervision and Regulation of the Board of Governors of the Federal Reserve System.

Patomak also announced the members of the executive committee, which will lead the firm’s growth and manage client relationships. The executive committee will consist of partners Kathy Casey, Diane Daley, Mona Elliot, Christopher Gerlach, Robert Greene, Sudhir Jain, and Laura Magyar.  Sudhir Jain will continue to serve as the head of Patomak’s New York Office.

Contact: media@patomak.com

About Patomak: Patomak Global Partners, LLC is a leading strategy, risk management, and compliance consultancy with experts in Washington, D.C., New York, Chicago, and Tokyo.  Established in 2009, Patomak applies the insights of senior-level industry experts to advise clients on complex and cutting-edge strategy and risk management challenges.