Adam Chepenik

Adam Chepenik is a Principal at Ernst & Young LLP where he serves as a trusted advisor, a seasoned strategist, and a relentless advocate for sustainable public finance. He has more than 17 years of combined restructuring and public-sector experience, including six years at the U.S. Treasury Department where he served as the inaugural Deputy Director of the Office of State and Local Finance.

At Ernst & Young, Adam helps lead EY-Parthenon's public sector turnaround and restructuring strategy practice. In that role, Adam advises governments at all levels – from sovereign nations to local municipalities – on transformative initiatives including the development of multi-year fiscal and strategic planning, structural reforms, cash flow and budget forecasting, creditor negotiations, labor contracts, legacy retiree obligations, pension reforms, and other in-court and out-of-court restructuring needs. Adam is also available as an expert witness to support in-court testimony.

Prior to his current role, Adam worked at the U.S. Treasury Department. At Treasury, Adam served as a key advisor to senior White House and Treasury officials in the development of public policy pertaining to distressed municipalities, infrastructure finance, and public pensions. He also played a significant role in the development of the federal government’s response to Puerto Rico’s financial crisis and provided extensive technical assistance to Congress in the drafting of the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA).

Prior to his position at Treasury, Adam worked in the Blackstone Group’s Restructuring and Reorganization Advisory business where he advised state governments and corporate executives on a wide array of topics including liquidity forecasting, valuation analysis, capital structure optimization, bankruptcy, acquisitions and divestitures.

Mr. Chepenik holds an MBA from Harvard Business School and an MPA from Harvard University's John F. Kennedy School of Government, where he graduated as a public service fellow. He also holds three bachelor degrees, in Finance, Economics and Management Science and Statistics from the University of Maryland, where he graduated Summa Cum Laude, Phi Beta Kappa. Adam is a Chartered Financial Analyst, a Truman National Security Fellow, and was recently recognized as a Bond Buyer Rising Star.