HISTORY

When Eugene A. Ludwig founded Promontory Financial Group in 2001, his vision was to assemble a nimble team of experts to help financial services companies resolve the challenges arising from compliance, regulation, and changing market conditions. As former U.S. Comptroller of the Currency, he was a trusted figure who was especially well placed to understand the demands bankers and others in the financial services industry faced in a highly regulated environment.

Mr. Ludwig put Promontory on the map with the publication in March 2003 of the Ludwig Report, a penetrating analysis of a rogue trading scandal. Though produced under severe time constraints, the Ludwig Report has stood the test of time as a primer on the subject of preventing, detecting, and mitigating risks from unauthorized trading.

Headquartered in Washington, DC, Promontory rapidly expanded to meet the needs of a growing national and global client base. The New York office opened in 2003, followed by San Francisco and Tokyo in 2004. In 2006 and 2007, Promontory established operations in London, Paris, Milan and Singapore. The Toronto, Sydney and Atlanta offices opened in 2009.  Today, Promontory is a global firm with offices and operations on four continents. The firm's geographic reach allows it to tailor its services to the specific needs of its global clients, while continuing to focus on the complex issues that face smaller institutions. To date, Promontory has completed engagements in more than 50 countries, on six continents, as highlighted on the above map.

Along with its geographic growth, Promontory's team of experts expanded in numbers to include senior level professionals from financial institutions and regulatory agencies spanning the globe. Promontory has a unique perspective on the regulatory, competitive, and strategic issues facing the financial services industry, from risk management issues, regulatory challenges, and strategic planning for institutions large and small.