Home > News & Insights > News & Announcements

5/20/15 - Promontory Acquires FS Advisory

WASHINGTON, D.C., May 20, 2015 – Promontory Financial Group today announced the acquisition of FS Advisory, the consumer finance consultancy of Fenway Summer LLC. Raj Date, the founder of Fenway Summer and FS Advisory, will become a senior adviser to Promontory. Promontory is a global leader in strategy, risk management, and regulatory-compliance consulting.

“Raj Date and his team bring expertise and perspective that will further accelerate the growth in our consumer protection practice and help our clients adapt and thrive in a market characterized by change and disruption,” said Linda Gallagher, global head of Promontory’s consumer protection practice.

Date will remain managing partner of Fenway Summer and chairman of the investment committee of Fenway Summer Ventures. He is also a board director at a number of consumer finance companies, including Prosper, Circle, and Ethos Lending. Date was previously the inaugural deputy director of the Consumer Financial Protection Bureau and served as the interim leader of the agency as the Special Advisor to the Secretary of the Treasury.

“As we’ve grown, our clients have looked to us to help them across an expanding range of issues,” said Date. “Promontory’s outstanding professional team provides a natural fit, and I am excited about the combined opportunities for our practice and for our clients.”

About Promontory

Promontory Financial Group, based in Washington, D.C., specializes in helping companies and governments around the world manage complex risks and meet their greatest regulatory challenges. Promontory’s work aims to make its clients stronger and the financial system safer. Promontory has offices in New York, San Francisco, Atlanta, and Denver, and affiliate offices in Beijing, Brussels, Dubai, Dublin, Hong Kong, Istanbul, London, Madrid, Milan, Paris, Singapore, Sydney, Tokyo, and Toronto. Eugene A. Ludwig, who served as U.S. comptroller of the currency under President Bill Clinton, founded Promontory in 2001.

About Fenway Summer

Fenway Summer LLC is a Washington, D.C.-based venture investment firm comprised of finance, technology, and regulatory experts committed to positive change in consumer finance. Through a disciplined strategy and a rigorous analytical approach, the company advises, invests in, and grows the next generation of financial services companies. Learn more at www.fenwaysummer.com

Press Contacts:

Mark Paustenbach
+1 202 384 1011
mpaustenbach@promontory.com

Michael Azzano
Cosmo PR for Fenway Summer
+1 415 596 1978
michael@cosmo-pr.com

 

Subscribe to Promontory Sightlines and publications   Follow Promontory on Twitter @PromontoryFG