Peter Barry Email & Phone Number

Wellesley, Massachusetts, United States

US Trust Private Wealth Management

• Managed day-to-day finance activities for line of business providing investment management, wealth structuring and banking services to high net worth clients. Responsibilities included financial reporting, internal.
• Produced $24 million in additional revenue through advising on strategic renegotiation of sub-advisory contract.
• Revised impairment policy for investments, fixed assets and intangibles resulting in reduced annual losses of $18 million.
• Served as UST representative on BofA ALCO committee, recently reduced BofA capital requirements by $114 million through changing legal entity investment strategy.
• Participated in reviews of BofA 10K and 10Q process providing detail review of UST segment reporting and general review of the Corporate report. Recommended an accounting change resulting in improved classification of.
• Led UST adoption of ASC326, Current Expected Credit Losses, and ASC606, Revenue from Contracts with Customers.

Bofa Global Capital Management

• Collaborated with Business Finance Officer for strategic planning and controllership management for mutual fund line of business with over $355 billion in assets under management. Provided oversight of day-to-day.
• Successfully recovered additional $22 million from the development of improved monitoring, accounting and reorganization of BofA’s $5 billion investment in Structured Investment Vehicles.
• Managed the merger of US Trust Advisors ($3 billion in assets) financial records into BofA Advisors.
• Played a key role in realizing additional $35 million gain from the sale of Columbia’s long-term management contracts and subsequent divestiture by improving receivable and AUM reporting.
• Reviewed monthly broker-dealer FOCUS reports filed with FINRA.

• Recruited by Robert Half International to provide key analysis and strategic accounting expertise in the design, testing and evaluation of 3Com Corporation’s compliance with SOX section 404 and COSO framework.
• Led 3Com’s conversion from Auditing Standard No. 2 to Auditing Standard No. 5.
• Served as the primary liaison with external auditors during SOX compliance testing.
• Designed and implemented 28 new control initiatives to mitigate identified control deficiencies.