Eugene Ludwig General Information

Description

Mr. Eugene Ludwig is the Founder of Promontory MortgagePath and serves as its Chief Executive Officer and Chairman. He was the Founder and served as Managing Principal & Investment Committee Member at CapGen Financial Group. He is the Co-Founder of Promontory Financial Group and served as its Chief Executive Officer. He is widely recognized as a farsighted thinker on the most pressing issues confronting financial services. Before founding Promontory, Gene served under President Clinton as U.S. comptroller of the currency, the head of the federal agency responsible for supervising the preponderance of U.S. banking assets. He went on to become vice chairman and senior control officer of Bankers Trust/Deutsche Bank. He is the founder and Managing Principal of CapGen. In 2001, he founded Promontory Group, a suite of companies offering products and services to assist banks and other financial businesses. He currently serves as CEO of Promontory Financial Group, Chairman and CEO of Promontory Interfinancial Network, and Chairman of Promontory Asset Finance Company. Promontory advises companies on risk management, internal controls, finance, corporate governance, and regulatory compliance issues. As CEO of Promontory, which serves clients ranging from the largest financial institutions in the world to smaller banks, insurance companies, specialty finance and other service providers, he is well-positioned to identify and evaluate potential companies for CapGen's investment program. Prior to founding Promontory, he was Vice Chairman and Senior Control Officer of Bankers Trust / Deutsche Bank. In this role, he was responsible for legal, credit, risk management, and compliance activities, as well as regulatory and legislative affairs. From 1993 to 1998, he headed the Office of the Comptroller of the Currency (OCC), the federal agency responsible for supervising federally chartered commercial banks and federal branches and agencies of foreign banks. He also served as Chairman of the Federal Financial Institutions Examination Council (FFIEC), a member of the President's Working Group on Financial Institutions and the Basel Committee on International Bank Supervision, Director of the Federal Deposit Insurance Corporation (FDIC), and Chairman of the Neighborhood Reinvestment Corporation. As Comptroller, he spearheaded efforts to modernize the agency's supervisory activities, creating and adopting the first risk-based regulatory and supervisory system, a system that later was adopted by all other federal supervisors and several foreign supervisors, including the Bank of England and the Financial Services Authority. In addition, he led an effort to modernize the banking industry through expanded powers and to reform the Community Reinvestment Act. Prior to becoming Comptroller, he was a partner at the law firm of Covington & Burling, specializing in financial services regulatory matters. He has served as a guest lecturer at the law schools of Georgetown, Harvard and Yale. He earned a J.D. from Yale University, where he was editor of the Yale Law Journal. He received a Masters as a Keasbey Fellow from Oxford University and graduated magna cum laude from Haverford College. He is also the Founder of Spring Harbor Financial Group.