Barb is a principal in Ernst & Young's global transfer pricing group and a PhD economist focusing on the financial services industry. She leads the US transfer pricing group in the financial services office. She has more than 20 years of experience in financial services transfer pricing, and economic consulting. She was named as a leading transfer pricing adviser by both the International Tax Review and by Euromoney.
She has extensive experience working with many of the largest global banks on numerous transfer pricing issues. Her most relevant experience includes extensive experience with global dealing operations including global profit splits on complex derivative transactions to reward capital risk and functions such as trading and risk management, and the decomposition and pricing of market risk and credit risk for derivatives portfolios. She has deep experience in pricing credit intermediation. Other relevant experience includes pricing intercompany loans and the provision of liquidity and guarantees, global cost allocations, income allocation for investment banking, asset management, stock lending, custody, splitting commission income between origination and execution functions, compensation of brokerage and marketing activities, loan syndication, and various international banking services.
Before specializing in financial services transfer pricing, Ms Mace was an economic consultant in securities at the National Economic Research Associates, and an assistant professor of business economics at the school of business at the University of Michigan. She has also taught at the University of Chicago, the University of Rochester, and the American University in Moscow.
Ms Mace holds a PhD in economics from the University of Chicago (1988).