DOUG CRISCITELLO SWORN IN AS CHIEF FINANCIAL OFFICER FOR THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

WASHINGTON - Doug Criscitello was sworn in today as the Chief Financial Officer at the U.S. Department of Housing and Urban Development. Criscitello is responsible for overseeing the financial management practices that ensure the U.S. Department of Housing and Urban Development meets the needs of the housing community. His duties include preparing and accounting for HUD's budget, strategic and budget planning, and establishing and maintaining financial systems which process millions of transactions annually to support HUD projects.

"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 HUD Secretary Shaun Donovan. "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."

"I am excited about being part of the talented and innovative team at HUD is working to address the significant housing and community development challenges of our Nation," said Criscitello. "I want to help optimize HUD's budget while also building trust by enhancing official and public understanding of our expenditures."

Criscitello comes to HUD from PricewaterhouseCoopers where he has been assisting the firm in the establishment of a public sector financial services practice. He has specialized experience 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.

Prior to joining PricewaterhouseCoopers, Criscitello was an Executive Director at JPMorgan Securities, Inc. where he provided operational, investment banking, and financial advisory services to U.S. government agencies. Before JPMorgan, he worked extensively with U.S. credit agencies in roles at the Small Business Administration, Office of Management and Budget, and Congressional Budget Office. In those positions, he assisted agencies in forecasting the costs of their programs, provided oversight of operations, and advised on areas of expertise such as credit program planning and implementation. Criscitello has also worked on local governmental issues through his role as founding Director of the New York City Independent Budget Office, a municipal agency responsible for providing oversight of New York City's operating and capital budgets.

Criscitello holds a Master's in Public Policy Analysis from the University of Rochester, where he also studied political science and economics as an undergraduate.

The Johnson City, New York native was confirmed by the U.S. Senate on February 11, 2010.

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