The Financial Times is expanding its coverage of corporate America by creating a new professional services team based in New York.
The new team will be led by Stephen Foley, who has been appointed U.S. accounting editor, and Joe Miller, who becomes U.S. legal correspondent.
Both roles will be based in New York.
Foley will report on the Big Four accounting firms, many of which are going through wrenching restructurings and face new scrutiny over their ability to serve as the watchdogs of financial propriety. Foley will also work with corporate reporters across the network to help uncover the kinds of accounting improprieties the FT has become known for, including at German payment processor Wirecard.
Foley is returning to the FT in New York from Tokyo, where he was business editor of Nikkei Asia, which is published by the FT’s parent company Nikkei. Foley first joined the FT in 2012 as a markets correspondent based in New York and was previously deputy U.S. news editor at the FT from 2017 to 2021.
Miller will cover the US’s biggest law firms, particularly those that dominate on Wall Street. He will also report on the New York offices of the big federal and state law enforcement agencies, including federal prosecutors in Manhattan, the enforcement division of the Securities and Exchange Commission, and the New York attorney general. He will cover stories ranging from crypto regulation to
insider trading and securities fraud.
Miller was previously the FT’s Frankfurt correspondent and covered the titans of German industry, such as Volkswagen and Mercedes. He joined the FT in 2019.
“The core of the FT’s expansion strategy in the US has always focused on Wall Street, and the creation of a professional services team in New York will enhance our coverage of the world’s largest financial center immeasurably,” said U.S. managing editor Peter Spiegel in a statement. “I’m thrilled to have Stephen back at a frontline reporting role here in lower Manhattan, and can’t wait to see Joe bring his talent for breaking big stories to these shores.”