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Promontory's connections and expertise turned the consultant into a private sector regulatory proxy. But those same strengths put the firm in the crosshairs after its role in the failed foreclosure review process and controversial work for MF Global and Standard Chartered.
March 15 -
The former Securities and Exchange Commission chairs move to Promontory Financial is likely to add to public cynicism about a revolving door and regulatory capture.
April 2 -
Bloomberg LP has hired a consulting firm with significant ties to financial regulators to help review its privacy policies.
May 20
Promontory Financial Group has named a former Capital One Financial (COF) executive its chief technology officer.
David Gordon will direct the Washington consulting firm's software development and technological infrastructure, it said Thursday. The position is new, a Promontory spokesman said.
At Capital One, Gordon held executive information-technology roles since 2001, most recently as senior vice president of IT. He has also held positions at Accenture, Arthur Andersen and the Federal Reserve Bank of Richmond.
"As technology-driven client solutions and IT security needs grow, so must Promontory's focus on cutting-edge client services and our internal capabilities," Eugene Ludwig, Promontory's founder and chief executive, said in a news release. Gordon's "deep experience complements our existing team in implementing top-tier client tools, addressing in-house IT challenges, and understanding critical technology matters from a regulatory perspective."
