Director, BearingPoint, Inc

The 1st IADI Inter-regional Conference
(Europe, Eurasia, MENA) "The Role of the Deposit Insurance Systems in enhancing Financial Stability in Different Countries"
June 26-27, 2007   Istanbul, Turkey                                  

Backround

Mr. James Hambric is a Director with BearingPoint in the International Public Services Practice and has expertise in Deposit Insurance and the management and sale of Government Intervened financial institutions.  During his eighteen years with the Federal Deposit Insurance Corporation and the Resolution Trust Corporation he specialized in the management of offices charged with the responsibility of bank closings and the management and sale of the assets from failed financial institutions.

Relevant Experience

Mr. Hambric’s accomplishments include:

  • Government of Egypt.  Mr. Hambric is the Financial Sector Lead responsible for support to the Central Bank of Egypt, Egyptian Insurance Supervisory Agency, Capital Markets Authority and the Egyptian Banking Institute.  BearingPoint, Inc is assisting with the transition from compliance based to risk based supervision, restructuring of their organizations, drafting of new laws, establishment of accredited training programs and other activities designed to improve their role as supervisors.
  • Government of Indonesia.  Mr. Hambric was the Chief of Party under a USAID contract supporting the establishment and operations of the Indonesian Deposit Insurance Agency.  This activity includes drafting of legislation, working with Parliamentary Commissions helping to educate members of parliament, working with the Minister of Finance team to establish the new agency, supporting the IDIC’s Board of Commissioners and CEO in drafting of regulations, policies and procedures, training of staff, public awareness and education and all other issues that arise from the creation of a new agency. 
  • Bank of Thailand.  Mr. Hambric was Head of the Working Group focused on the establishment of a Deposit Insurance System for Thailand.  The project focused on the information needs of the DIA, the role of Bank Thailand in providing the information and how each party would gather, interpret and use the information as well as proposed next steps in the establishment of the DIA. 
  • Serbian Agency for Deposit Insurance, Rehabilitation, Bankruptcy and Liquidation of Banks (BRA).  As the Project Director for a World Bank contract, Mr. Hambric supervised the closing and liquidation of two of the largest banks in Serbia.  Mr. Hambric worked with the BRA management, advisors and staff, as well as the Administrators for each bank appointed by the BRA, in the closing, reconciliation, collection of assets and all other issues that arise out of the failed banks.  Total assets for these two banks exceed over 3.5 billion US dollars and represented over 50% of the Serbian banking sector assets.
  • Serbian Agency for Privatisation and Ministry of Economy and Privatisation.  Mr. Hambric served as Chief of Party under a USAID contract to support the Ministry and Privatisation Agency and was responsible for BearingPoint’s support to the Ministry and Agency’s efforts to restructure 44 of the largest enterprises in Serbia. 
  • Government of Mozambique. Mr. Hambric served as a senior strategic advisor to the Government of Mozambique assisting in the sale of Banco Austral and preparing operation strategies for the sale and closing of the bank in the event a sale was not consummated. 
  • Indonesian Bank Restructuring Agency (IBRA). Mr. Hambric was a senior strategic advisor to the Indonesian Bank Restructuring Agency (IBRA) and has provided strategic advice related to the restructure of non-performing loans, development of alternative asset disposition strategies (securitization, joint ventures, good bank/bad bank, CDO, bank mergers, asset management contracting), development of IBRA’s strategic plan and other assignments as directed by the Chairman’s office. In addition, Mr. Hambric provided support on IBRA’s efforts related to creation and management of a deposit insurance program.
  • Bulgarian Deposit Insurance Fund. Mr. Hambric served as a senior strategic advisor to the Bulgarian Deposit Insurance Fund on the supervision of court appointed bank conservators who are responsible for the liquidation of banks under court supervision.  In addition, he has provide advise to the BDIF on their assumption of new bank liquidation responsibilities, outside of the court system, where the BDIF will assume responsibility of supervision and management of the administrators and liquidation of the banks.  
  • Croatian Privatisation Fund. Mr. Hambric served as project director for BearingPoint’s work with the Croatian Privatisation Fund.
  • Slovakia Konsolidation Agency (SKA).  Mr. Hambric was a senior strategic advisor for BearingPoint’s work in Slovakia related to the establishment of the SKA, management and disposition of assets from closed banks and the sale of loan portfolios.
  •  Agencia de Garantia de Depositos (AGD). Mr. Hambric was project director for BearingPoint’s work with the Agencia de Garantia de Depositos (AGD) in Ecuador. 
  • Korean Asset Management Corporation (KAMCO). From June of 1998 until April of 1999, Mr. Hambric worked with the Korean Asset Management Corporation (KAMCO) as their on site advisor, reporting to KAMCO’s Director. 
  • Minister of Finance and Governor of the Central Bank in Bulgaria.  Mr. Hambric was selected as consultant by the Minister of Finance and Governor of the Central Bank in Bulgaria to assist in the reform of their banking industry including the sale/merger of banks and their assets. 
  • Presentations and Training.  In addition to consulting with countries, the World Bank, USAID, the Pacific Economic Cooperation Council and the International Association of Deposit Insurers have invited Mr. Hambric as a speaker and participant on international panels related to deposit insurance and the management and disposition of assets.

    • Professional Background

    Prior to joining BearingPoint in 1998, Mr. Hambric was Vice President of GE Capital Bank, Mexico where he was selected by GE Capital-Mexico to assist with the start-up, growth and acquisition of the Bank.  He was responsible for GE Capital Bank’s relationship with FOBAPROA focusing on acquisition of servicing and portfolios controlled by FOBAPROA and negotiation of Joint Venture agreements with Public Agencies and private businesses, negotiated terms and conditions for loan agreements and for the acquisitions of assets from Government and the private sector.

    In 1996, Mr. Hambric served as Deputy Regional Director with the Federal Deposit Insurance Corporation. During this year, he consulted with foreign governments on the establishment of organizations to resolve problem and failed banks, how to effectively market and price assets and provided insight into conversion to a market based economy. In addition, he assisted in the development of the consolidation plan for the downsizing of Federal Deposit Insurance Corporations, Division of Resolutions and Receiverships.  His primary responsibilities were determination of number of employees needed to manage workloads and organization of the new office structure.

    From 1989 until 1995, Mr. Hambric directed one of four of the largest operations in RTC with assets exceeding $68 billion, annual budgets of $250 million and over 90 satellite offices with over 3,000 employees. 

    Prior to assignment to the RTC, Mr. Hambric served ten years as Assistant Liquidator-in-Charge with the Federal Deposit Insurance Corporation where he had the responsibility for the closing of failed banks and collection of non-performing loan and the disposition of their other assets. He managed the closing and transfer of assets and liabilities to acquiring banks of over 60 failed banks with several billion dollars in assets.

    Mr., Hambric holds a B.A degree with a double major in Mass Communications/Communication Arts from University of Alabama.