On Tuesday, Doug Criscitello was sworn in as the CFO at ""HUD."":http://portal.hud.gov/portal/page/portal/HUD To his new position, Criscitello brings specialized experience in forecasting government finances, modeling financial risk of credit programs, performing budgetary and legislative analysis, and helping public sector agencies implement state-of-the-art financial technologies and practices.[IMAGE]
As CFO, Criscitello will be responsible for overseeing the financial management practices that ensure HUD meets the needs of the housing community. His duties will include preparing and accounting for HUD's budget and establishing and maintaining financial systems, which process million of transactions annually, to support HUD projects.
""I am excited about being part of the talented and innovative team at HUD,"" Criscitello said. ""I want to help[COLUMN_BREAK]
optimize HUD's budget while also building trust by enhancing official and public understanding of our expenditures.""
Criscitello comes to HUD from ""PricewaterhouseCoopers."":http://www.pwc.com/us/en/index.jhtml During his time with the firm, he assisted in the establishment of a public sector financial services practice. Prior to joining PricewaterhouseCoopers, Criscitello was an executive director at ""JPMorgan Securities, Inc."":http://www.jpmorgan.com/pages/jpmorgan, where he provided operational, investment banking, and financial advisory services to U.S. government agencies.
Before JPMorgan, Criscitello worked extensively with U.S. credit agencies in roles at the ""Small Business Administration"":http://www.sba.gov/, ""Office of Management and Budget"":http://www.whitehouse.gov/omb/, and ""Congressional Budget Office."":http://www.cbo.gov/ In these positions, he assisted agencies in forecasting the costs of programs, provided oversight of operations, and advised on credit program planning and implementation. In addition, Criscitello has worked on local governmental issues through his role as founding director of the ""New York City Independent Budget Office."":http://www.ibo.nyc.ny.us/
""Doug is very well known and highly respected for his government service and his work in the banking and financial services sector, and we are very happy to welcome him to the department,"" said Shaun Donovan, HUD secretary. ""He brings a broad base of experience to the table, and we have no doubt our agency and those we serve will benefit greatly from his insights and his expertise in a wide range of financial topics.""