Allan is President and founder of financial industry joint venture development company Financial InterGroup Holdings Ltd; and strategy & acquisition consultancy Financial InterGroup Advisors. The companies are engaged in the capital, contract, currency, cash and investment markets with retail and institutional financial firms; and with financial firms and their client, vendors, suppliers and infrastructure institutions.

He has been consulting domestically and internationally to financial institutions on global strategies, capital and contract market restructuring, industry-wide financial business reorientation, information systems, evolving communications infrastructures, and risk management systems. His activities have included: countrywide restructuring of capital market regulations in the EC; strategic planning for the banking sector in the Persian Gulf; restructuring of capital and contract market trading in multiple market centers; visionary studies of the future of banking and finance for multiple financial industry trade associations, and expert witness testimony in landmark patent cases related to the electronic trading of financial instruments and collective fund shareholder fee issues.

He began in business with General Electric after being trained as a mathematician and worked in the investment, securities and international banking business with Neuberger Berman, Dean Witter Reynolds (now Morgan Stanley) and ABN-AMRO (now Royal Bank of Scotland).

He founded Coopers & Lybrand's first financial industry specialized advisory practice and was Partner-in-charge of their Financial Services Consulting Practice. Professor Grody founded and taught the only graduate level Risk Management Systems course at NYU's Stern Graduate Business School focused on financial industry systemic and enterprise risk.

He is a frequent speaker, author and publisher of research on risk management, data management, trading automation, and retirement investing.