Promontory Financial Group

Promontory Financial Group
Company typeWholly owned subsidiary of IBM
IndustryFinancial services
Founded2001
Headquarters
Washington, D.C.
,
United States
Number of locations
15
Area served
Worldwide
Key people
Eugene Ludwig
Chairman and Founder [1][2]

Julie L. Williams
Global Head of Strategy [3]

Leslie Peeler
Chief Operating Officer [3]
ServicesManagement consulting, Asset management, Financial regulation
Number of employees
circa 400[4]
Websitewww.promontory.com

Promontory Financial Group, a wholly owned subsidiary of IBM (through their Consulting arm), is a global consulting firm that advises clients on a variety of financial services matters, including regulatory issues, compliance, risk management, liquidity, restructuring, acquisitions, due diligence, internal investigations and cyber security.

  1. ^ Horwitz, Jeff; Aspan, Maria (15 March 2013). "How Promontory Financial Became Banking's Shadow Regulator". American Banker Magazine. Retrieved 15 July 2013. With close to 400 employees and some 1,400 consulting engagements under its belt, Promontory Financial Group has built a shadow network between banks and regulators. The firm is a sort of ex-regulator omnibus, capable of forecasting, mimicking and occasionally even substituting for the financial industry's supervisors.
  2. ^ "Eugene Ludwig to step down as Promontory CEO". 17 February 2021.
  3. ^ a b “Eugene Ludwig to step down as Promontory CEO,” American Banker, February 17, 2021
  4. ^ Douglas, Danielle (2 August 2013). "The rise of Promontory". The Washington Post. Business. No. Financial Services. Washington, D.C.: With Bloomberg. p. 2 of 4. Archived from the original (JavaScript) on 22 October 2013. Retrieved 9 September 2013. With 383 employees from Toronto to Tokyo, Promontory has worked on almost 1,600 projects.