Former NYS Department of Financial Services Executive Deputy Superintendent and Acting Chief of Staff to Lead Firm’s Financial Institutions Practice
September 12, 2016 – New York, NY – Daniel M. Burstein, who most recently served as Executive Deputy Superintendent and Acting Chief of Staff for the New York State Department of Financial Services (NYDFS), has joined Guidepost Solutions, a global leader in compliance, investigations and risk management. Burstein, a compliance expert who helped oversee a number of NYDFS’ high-profile enforcement actions and regulatory initiatives, will lead the firm’s Financial Institutions practice as a senior managing director.
“Dan’s background in the financial services sector perfectly complements our firm’s strong and growing Financial Institutions practice,” stated Chief Executive Officer Julie Myers Wood. “Our clients will benefit from his highly respected expertise and experience in navigating the intensely regulated financial industry. Given the substantial complexity of the challenges financial institutions face, bringing in someone previously responsible for developing key regulatory mechanisms will provide our clients an invaluable insight into compliance adherence and risk mitigation.”
“I have long been impressed with the depth and quality of the work Guidepost Solutions performs on behalf of financial institutions and government entities,” said Burstein. “I am excited to be leading this exceptional team, and I look forward to delivering top-notch services to our clients.”
Burstein oversaw enforcement actions and directed the day-to-day operations for the NYDFS’ 1,400 employees with a $240 million annual operating budget to supervise 3,800 financial institutions with assets totaling more than $7 trillion. He headed the Real Estate Finance Division and directed several significant matters including major settlements on mortgage servicing and origination violations, and sanctions and anti-money laundering violations. Burstein has also negotiated precedent-setting agreements to modernize financial regulation and respond to emerging market conditions.
Prior to joining the DFS, Burstein was an attorney at Willkie Farr & Gallagher LLP where he focused on commercial litigation, criminal defense, and internal investigations.
Burstein earned a Juris Doctor from Georgetown University Law Center graduating magna cum laude and a Bachelor of Arts degree from Columbia University. He is a former adjunct professor of financial regulation at the Cardozo School of Law.