TCH Annual Conference

Eugene Ludwig

Gene, the founder and chief executive officer of Promontory Financial Group, an IBM Company, is a trusted adviser to many of the world's leading financial companies. He is widely recognized as a farsighted thinker on the most pressing issues confronting financial services.

As a former federal regulator and banker, Gene is thoroughly attuned to the issues involved in revamping the regulatory framework to withstand future shocks. Under his leadership, Promontory has become synonymous with excellence in compliance and risk management, and is renowned for its ability to help financial companies with their most pressing challenges. Promontory became a wholly owned subsidiary of IBM in 2016. Together they are at the forefront of applying regulatory expertise and cutting-edge technology, including cognitive solutions, to resolve complex problems facing the financial services industry.

Before founding Promontory, Gene was vice chairman and senior control officer of Bankers Trust New York Corp. He was instrumental in steering the firm through its landmark merger with Deutsche Bank.

As U.S. comptroller of the currency from 1993 to 1998, Gene served as the Clinton administration’s point person on the policy response to the credit crunch of the early 1990s. He fashioned an 11-point plan that was instrumental in ending the credit crunch and helping banks begin to lend again and fulfill their role of supporting the economy. As comptroller, he was known as a pragmatist who greatly enhanced the ability of financial institutions to compete even as he refocused the industry on meeting its obligations under the Community Reinvestment Act. Under his purview, lending to low- and moderate-income Americans increased tenfold, as did national bank investments in community-development corporations. He brought 27 fair-lending cases, resulting in tens of millions of dollars in fines against violators.

Gene graduated magna cum laude from Haverford College and received a scholarship to Oxford University, where he earned an M.A. as a Keasbey fellow. He holds a J.D. from Yale University, where he was editor of the Yale Law Journal and chairman of Yale Legislative Services.