WASHINGTON–(BUSINESS WIRE)–Forward Risk today announced the launch of a new corporate Directors and Officers Due Diligence Service (DODDS) to support banks that have been required by New York’s Department of Financial Services (DFS) to conduct more robust background checks of their directors and key officers.
“Forward Risk is acclaimed for its creative investigations of directors and senior executives,” said Brendan Foo, Forward Risk co-founder and DODDS practice lead. “Throughout 2023, Forward Risk conducted intense background investigations on more than 200 proposed and serving directors and officers, often in proxy contests and other high-stakes situations. The expertise brought by the Forward Risk team will help banks satisfy their new, enhanced regulatory requirements while reducing the risk of fraud and other adverse reputational impacts.”
The DODDS practice is staffed with researchers and investigators who bring years of experience in investigative due diligence and in providing services for a wide range of financial institution clients. DODDS will provide upgraded background checks at the point of onboarding and thereafter, as now required by DFS.
“The rapid addition of the DODDS practice is a tangible example of how quickly Forward Risk acts to ensure clients receive the highest-quality, most relevant service offerings that fit their needs in a fast-moving regulatory and commercial environment,” said Foo. “The Forward Risk team is eager to get to work and demonstrate the value of the new DODDS offering for clients.”
Ernest Brod, deputy chairman of Forward Risk who has supervised some 10,000 due diligence assignments in his three-decade career, will provide oversight for DODDS.
To learn more about DODDS, please visit our website.
About Forward Risk
Forward Risk, a subsidiary of Forward Global, is a corporate investigations, intelligence, and risk advisory firm. Headquartered in Washington, DC, the firm also maintains operations in New York and London.
Our unique approach combines well-honed industry savvy with bespoke reporting to deliver value-driven information tailored to meet complex client needs. Staffed by a diverse team of professionals including former attorneys, investigative journalists, intelligence community alumni, and other government affairs experts, we help clients navigate transaction and dispute lifecycles by providing investigation and litigation support, investor due diligence, and strategic intelligence services.
Forward Risk’s experienced professionals combine the sophistication of the investigations and intelligence industry with a personalized approach to add value to our clients. We are committed to excellence, ethical conduct, and responsiveness to the needs of our clients.
Contacts
Brendan Foo, Forward Risk
Brendan@forwardrisk.com
