Eugene Ludwig is founder and Chief Executive Officer of Promontory Financial Group, LLC, the leading consulting firm for financial companies worldwide. Mr. Ludwig is also Chairman and CEO of Promontory Interfinancial Network, LLC, among other related companies.
Prior to founding Promontory, Mr. Ludwig was Vice Chairman and Senior Control Officer of Bankers Trust/Deutsche Bank. He joined Bankers Trust in 1998, and was a member of the firm's Management Committee, Chairman of the Control Committee and Co-Chairman of the Capital Commitment Committee.
Earlier, Mr. Ludwig served for five years as Comptroller of the Currency of the United States. As Comptroller, Mr. Ludwig headed the Office of the Comptroller of the Currency (OCC), the federal agency responsible for supervising the preponderance of bank assets in the United States.
During his tenure as Comptroller, Mr. Ludwig also was Chairman of the Federal Financial Institutions Examination Council revitalizing the work of the President's Working Group on Financial Markets. He served as Chairman of the interagency Federal Consumer Electronic Payments Task Force, a Director of the Federal Deposit Insurance Corporation, a member of the Basel Committee on Banking Supervision, and Chairman of the Neighborhood Housing Services.
Mr. Ludwig led the OCC during a period of substantial change – both within the financial marketplace as well as in the supervisory and examination practices of the agency. He is credited with improving the safety and soundness supervision of the banking industry and developing a "supervision by risk" approach to bank supervision that has been adopted by leading regulators worldwide.
At the same time, Mr. Ludwig spearheaded efforts to reform the Community Reinvestment Act and vigorously enforce the fair lending laws that resulted in a fourfold increase in financing for America's low- and moderate-income communities.
Prior to being Comptroller, Mr. Ludwig was a partner in the law firm of Covington & Burling in Washington, specializing in banking law.
He has written numerous articles on banking and finance for scholarly journals and publications and has been a guest lecturer at Yale and Harvard law schools and Georgetown University's International Law Institute.
A native of York, Pennsylvania, he graduated magna cum laude from Haverford College and received a scholarship to Oxford University, where he earned a Bachelor of Arts degree and a Masters of Arts degree as a Keasbey Fellow. He holds a LLB from Yale University where he was editor of the Yale Law Journal and chairman of Yale Legislative Services.