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Art draws on broad and deep experience in bank supervision to advise Promontory clients on all matters related to risk management and supervisory policy.
During his distinguished 27-year tenure at the Federal Reserve Bank of New York, Art served in several senior positions involving both the oversight of the largest, most complex global financial institutions and international policy development. He led the risk function in the New York Fed’s financial-institution supervision group and co-led the group charged with overseeing complex financial institutions. He was a member of the Federal Reserve System’s executive committee that oversees the annual Comprehensive Capital Analysis and Review, and he was part of the leadership team that designed the Supervisory Capital Assessment Program. Art was a member of the Senior Supervisors Group. He was the New York Fed’s representative to the Basel Committee on Banking Supervision and co-chaired its working group on liquidity. He led the unit created to monitor primary dealers that participated in the New York Fed’s Primary Dealer Credit Facility. He has also been an examiner-in-charge at one of the largest U.S. bank holding companies and supervised a portfolio of foreign banking organizations operating in the U.S.
- M.B.A., finance, Columbia University
- B.A., economics, Columbia University