Navigant Expands Financial Services Advisory and Compliance Segment with Addition of Banking, Capital Markets, and AML Professionals

Three new senior hires will help guide clients in technology and operations management from firm’s Washington, Dallas, and Toronto offices

CHICAGO – Navigant (NYSE:NCI) today announced the expansion of its Financial Services Advisory and Compliance (FSAC) segment with the addition of three senior-level industry professionals.

Stephen Alsace, Manish Nayar, and Mark Tuggle join Navigant as directors bringing deep industry connections and expertise in banking, capital markets, and anti-money laundering (AML).

“At Navigant our people are our most valuable assets; they enable us to effectively and efficiently drive our clients’ priorities and initiatives forward globally,” said Ellen Zimiles, managing director and segment leader of FSAC. “With banking and Big Four experience, Stephen, Manish, and Mark understand our clients’ most pressing issues and the importance of offering forward-thinking ideas that solve for the growing complexities of regulation, risk management, and operations within financial services.”

Stephen Alsace, Director, Toronto
Based in Toronto, Alsace will help guide financial services executives in Canada and the U.S. in developing effective sanctions, AML and anti-terrorist financing (ATF) risk management, and compliance programs. With nearly 20 years of experience in financial services and compliance, he most recently served as head of sanctions and ATF at the Canadian Imperial Bank of Commerce (CIBC). He has extensive legal experience in AML and sanctions engagements across the U.S. and Canada, and has worked with financial regulators and federal law enforcement in Canada, the U.S., Hong Kong, Singapore, and the UK.

Manish Nayar, Director, Washington, D.C.
Nayar comes to Navigant with more than 14 years of Big 4 consulting experience driving large-scale transformation initiatives across buy- and sell-side financial services organizations. He has advised clients on risk and regulatory change management, front-to-back technology modernization, operational effectiveness, and strategic cost management. At Navigant, he will help to cultivate and drive investment management offerings in operational efficiency, transformational strategy, and implementation of new regulatory and governance structures. He will focus his efforts across the investment ecosystem including traditional fund managers, diversified financial services companies, servicers, and insurance investment functions. Nayar joins the firm from KPMG and will be based in Navigant’s Washington D.C. office.

Mark Tuggle, Director, Dallas
Tuggle comes to Navigant with over 35 years of consumer banking and auto finance experience, specializing in default management and strategy, indirect underwriting, operations transformation, compliance, risk assessment, and governance. Prior to joining Navigant, he led default management operations and process transformation at SouthTrust Bank, Compass Bank, U.S. Bank, and BBVA. Tuggle was one of the early adopters of digital self-help platforms including driving the design of one of the first online portals for collections, featured in American Banker.  

Navigant’s FSAC segment collaborates with banking, insurance, and investment management firms to enhance and streamline compliance, manage risk, safeguard reputations, and create competitive advantage.

About Navigant
Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage, and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the firm primarily serves clients in the healthcare, energy, and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.

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