Steve Klemencic was selected in Foreign Investment Watch’s “Top Advisors 2023,” an annual list of leading global Committee on Foreign Investment in the United States (CFIUS) experts. The list includes thirty advisors who provide advice and counsel concerning foreign investment and national security in the United States and abroad and comprises mainly lawyers, strategic communications service providers, and geopolitical services providers. Mr. Klemencic was one of only two providers of CFIUS compliance services recognized on the list.
Mr. Klemencic serves as BRG’s CFIUS leader and is one of a small number of experts with expansive experience auditing and monitoring foreign transactions for their impact on national security. He has served as the compliance auditor on a number of transactions, has served on CFIUS third-party monitorship teams, and has shared his experiences and insights with Foreign Investment Watch on topics like building trust with CFIUS and preparing for compliance and mitigation expenditures. A former senior analyst at the National Intelligence Council, he developed and implemented the assessment process for the US intelligence community review of foreign acquirers entering into a CFIUS transaction. The effort encompassed all member agencies of the US intelligence community and provided a structured process for identifying potential threats to US national security.