Promontory Financial Group has hired former Citigroup and Bank of America executive Eugene McQuade.

McQuade joined the Washington consulting firm as vice chairman of its advisory board, according to a Thursday news release.

McQuade retired from Citigroup in May, having led its effort to pass the Federal Reserve's Comprehensive Capital Analysis and Review tests. He postponed his retirement in April 2014, to oversee Citi's efforts to get the Fed's approval on stress testing. McQuade joined Citi in 2009 as chief executive of Citibank.

Previously, McQuade was head of banking at Bank of America Merrill Lynch; president and chief operating officer at Freddie Mac; and president at FleetBoston Financial before it was acquired by Bank of America.

"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," McQuade said in the release.

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