Ernst & Young has appointed Stuart Jones, Jr. as an Executive Director, to lead its Fraud Investigations and Dispute Services (FIDS) strategic client engagement efforts across the Middle East & North Africa (MENA) region.
“Stuart is a key addition to our team, combining a mix of practical knowledge, solid business relationships and strong business acumen. He is a seasoned professional having worked with leaders at the highest levels of government and private sector over the past several years on some of the most important and sensitive matters. He is in a position to help our clients navigate in a rapidly changing regulatory environment and advise on program designs that help address the risks of fraud. Most organizations, according to our study ‘Bribery, Corruption and Fraud in the Middle East’, seem to lack the necessary frameworks to prevent fraud from occurring,” Bob Chandler, Partner, FIDS MENA, said.
Stuart’s appointment is a clear indication of the importance that Ernst & Young ascribes to growing its business and service offerings in MENA, specifically in the areas of increasing transparency and reducing costs for clients.
“There appears to be significant demand regionally and locally for these services, not only from companies who have experienced fraud, and who need specialist investigative skills, but also from organisations wishing to protect themselves from future fraud, bribery, corruption and money laundering risks,” Chandler added.
Before joining Ernst & Young Stuart was the U.S. Treasury Department’s Financial Attaché to the Gulf, responsible for representing the Department on all key policy matters. For his service with U.S. Treasury in the United States and abroad, Stuart received the Meritorious Service Award and two Secretary’s Honor Awards.