The Governmental Accounting Standards Board has added two new members: municipal securities investment manager William W. Fish and government auditor James E. Brown.

Fish was named to a four-and-a-half-year term starting on Feb. 1, 2012. He will replace GASB member Michael D. Belsky, who resigned in October 2011. Brown was appointed to a five-year term beginning on July 1, 2012. He will succeed outgoing GASB member James M. Williams, whose term expires on June 30.

“Bill Fish and Jim Brown will bring to their new role as GASB members a wealth of experience and expertise involving governmental accounting ─ Bill as a user of government financial statements and Jim as an auditor of those statements,” said FAF chairman John J. Brennan in a statement. “They will play very important roles as the GASB deals with a wide range of critical issues in the months and years ahead.”

Fish served as chief investment officer of Chartis, U.S., a property and casualty insurance subsidiary of AIG, from 2004 until 2010, where he was responsible for managing $80 billion in assets. Earlier, he had positions of increasing responsibility at AIG; ABN AMRO Securities; Donaldson, Lufkin & Jenrette; and Bankers Trust Company. 

Brown served for more than 25 years as a partner at regional accounting firm BKD LLP. At BKD, he was responsible for quality control and training for the firm’s government and not-for-profit practice from 1984 until 2011, and acted as the firm’s principal contact with the GASB.

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