Tom Jones, Former IASB Vice Chairman, to Head Global Accounting Standards Center

The Lubin School of Business at Pace University has appointed Tom Jones as Director of its Center for the Study of International Accounting Standards, and Distinguished Professor in the Practice of International Accounting.

Contacts:

Chris Cory, 212-346-1117, cell 917-608-8164, ccory@pace.edu or

Bill Caldwell, 212-346-1597, wcaldwell@pace.edu

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Former IASB Vice Chairman Tom Jones to Head Center for Study of International Accounting Standards at Pace University’s Lubin School of Business

Experience in both US and international standards increases school’s thought leadership in international accounting

NEW YORK, NY, November 16, 2009 –The Lubin School of Business at Pace University has appointed Tom Jones as Director of its Center for the Study of International Accounting Standards, and Distinguished Professor in the Practice of International Accounting.

“We are very pleased that someone of Tom’s global stature and professional experience has decided to join the Lubin School of Business,” said Dean Joseph Baczko, who made the announcement. “He brings extensive senior policy-making background in the important areas of international financial reporting standards, which will advance the thought-leadership position and activities of our Center.”

The Center will host its fourth annual Lubin Forum on Contemporary Accounting Issues, on the convergence of international accounting standards, in April, 2010, and will continue fostering research and discussion on the development and implementation of global financial reporting standards.

“As a member of the accounting faculty,” said Rudy Jacob, Professor of Accounting and chair of Lubin’s accounting department, “Tom will teach at the graduate level and help develop relevant course work and research on the internationalization of accounting standards. The world is moving toward adopting a single accounting language, and he will play a pivotal role in designing our financial accounting curriculum to reflect the International Financial Reporting Standards.”

Before joining Lubin, Jones was Vice Chairman of the International Accounting Standards Board (IASB) from its founding in 2001 until 2009. Among other important policy setting positions, he has been a trustee and Vice Chairman of the Financial Accounting Foundation, which oversees the Financial Accounting Standards Board (FASB); a member of the emerging issues task force for FASB; Chairman of the International Accounting Standards Committee (the predecessor of IASB), and Chairman of the American Bankers Association’s Chief Financial Officer Committee. He has been elected to the Financial Executives International accounting hall of fame.

Jones’s corporate experience includes over twenty years with Citibank/Citicorp from 1979-2000, where he held several senior financial positions. Among them he was Chairman of Citicorp Banking Corporation, Executive Vice President, Senior Corporate Officer and Principal Financial Officer, Vice President and Controller, and Chief Accounting Officer. Earlier he held international financial management positions with ITT from 1967 to1979. He is a fellow of the Institute of Chartered Accountants in the UK.

The Lubin School of Business at Pace University, founded in 1906, has its roots in the study of accounting. The school has a current enrollment of approximately 3,000 undergraduates pursuing BBA degrees in accounting, finance, marketing and management. Another 1,100 students are enrolled in the school’s graduate programs pursing MBA, MS, EMBA and DPS degrees. Lubin enjoys dual accreditation from AACSB International for both business studies and accounting.

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