IASB’s Jones to Helm Pace’s Accounting Standards Center

Former International Accounting Standards Board Vice Chairman Tom Jones has been appointed director of Pace University’s Center for the Study of International Accounting Standards.

Jones will also become a Distinguished Professor in the Practice of International Accounting at the university.

“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.

Before joining Lubin, Jones was vice chairman of the 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; 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 20 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.