Elizabeth McCaul

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+1 212 365 6581 direct
New York

Previous Experience

  • Superintendent of Banks, State of New York
  • Investment Banker, Goldman Sachs & Co.

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Elizabeth McCaul

Managing Director and Global Head of Strategy

Elizabeth provides a broad range of financial and regulatory advisory services to clients in the United States and Europe, including assistance with matters related to safety and soundness, risk management, corporate governance, and capital markets.


Elizabeth joined Promontory after serving as the superintendent of banks of the state of New York, where she was responsible for supervision of some of the world’s largest institutions and most of the foreign banks operating in the United States, as well as community banks, mortgage companies, and the overseas banking activities of investment banks and insurance companies. All told, she oversaw financial institutions representing $2 trillion in assets. She is well recognized for her safety and soundness and risk management credentials. As superintendent, she introduced capital markets specialists to the examination teams, established targeted hedge fund reviews, opened a Tokyo office, and helped banks and securities firms comply with the Sarbanes-Oxley Act and the USA PATRIOT Act. In her early days as superintendent, Elizabeth directed a $22 billion banker’s bank, following its liquidity problems. After the 9/11 attacks, she worked with banks, securities firms, and the Federal Reserve to get the U.S. markets reopened and functioning properly. She subsequently worked with federal regulators and top law enforcement officials to create mechanisms to help guard against the use of the U.S. banking system for financial terrorism. Elizabeth served as the chairman of the Conference of State Bank Supervisors and as a member of the Federal Financial Institutions Examination Council.  She was an instructor on corporate governance at the Financial Stability Institute at the Bank for International Settlements. She also worked as an investment banker at Goldman Sachs from 1985 to 1995.


  • B.A., Boston University
  • Scholarship student, Common Market Program, Institute of European Studies, University of Freiburg, Germany

Affiliations, Awards, and Civic Engagements

  • Former chairman, Conference of State Bank Supervisors
  • Former member, Federal Financial Institutions Examination Council
  • Former participant, Joint Forum for Financial Conglomerates
  • Former instructor, Corporate Governance, Financial Stability Institute, Bank for International Settlements

Representative Engagements

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