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9/17/15 - Distinguished Banking Executive Eugene McQuade Joins Promontory

WASHINGTON, D.C., September 17, 2015 — Eugene McQuade, a prominent banking executive with distinguished tenure in leadership roles at large financial institutions, has joined Promontory Financial Group as a vice chairman of the firm’s advisory board. Promontory is a global leader in strategy, risk management, and regulatory-compliance consulting.

“Gene is known throughout the financial world not only for his achievements but also for his integrity and professionalism,” said Eugene Ludwig, Promontory’s founder and chief executive officer. “Time and again companies have turned to Gene to help solve their toughest problems. Promontory will benefit greatly from Gene’s remarkable experience and sound judgment.”

“I sought Promontory’s assistance on a number of occasions over the years, and appreciated the superb advice and outstanding work its professionals provided at every turn,” said McQuade. “I am excited about the opportunity to join the board of a firm that has earned its reputation for quality and integrity.”

Before joining Promontory, McQuade served as vice chairman at Citigroup. He retired in May 2015 after leading the company’s successful effort to meet regulatory expectations under the Comprehensive Capital Analysis and Review administered by the Federal Reserve. McQuade joined Citigroup in 2009 as chief executive officer of Citibank, responsible for governance of the bank around the globe. He also formerly oversaw Citigroup’s audit and compliance functions. McQuade is currently a member of the board of directors of both Citigroup and Citibank.

Prior to Citibank, McQuade was president of U.S. banks at Merrill Lynch Bank USA. He was previously president and chief operating officer at Freddie Mac, where he oversaw its remediation of financial reporting after accounting problems required the enterprise to restate its financial results. Prior to Freddie Mac, he was president of Bank of America following its acquisition of FleetBoston Financial Corp. During his banking career at FleetBoston, McQuade held various senior positions, serving as president and chief operating officer, and chief financial officer.

McQuade graduated from St. Bonaventure University with a degree in accounting. He is chairman of XL Group PLC. McQuade is a trustee of the Boys & Girls Clubs of America and the American Ireland Fund, as well as a director of Catholic Charities in New York.  

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.

Press Contact:

Mark Paustenbach
+1 202 384 1011


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