Washington, D.C. (January 25, 2007) – Promontory Financial Group announced today that Jeffrey A. Brown, former Senior Deputy Comptroller for International and Economic Affairs at the U.S. Office of the Comptroller of the Currency (OCC), has joined the firm as Managing Director leading the Economic Capital and Basel II group.

“As Comptroller, I worked with Jeff Brown at the OCC, and I’m delighted that he’s joining the Promontory team. Jeff brings 20 years of regulatory experience and modeling expertise that will be of great benefit to our clients,” said Eugene A. Ludwig, CEO of Promontory, a premiere financial and regulatory consulting firm for financial services companies and other businesses throughout the world.

At Promontory, Mr. Brown will specialize in Basel II capital standards, model validation standards, and risk management. Most recently at the OCC, he was responsible for providing economic expertise, fostering relationships with foreign supervisors, and preparing the agency to examine quantitative aspects of regulatory capital determination under forthcoming Basel II standards. As a member of the OCC’s Executive Committee, he contributed to the strategic direction and administrative policy of the agency.

Mr. Brown joins a team at Promontory with unparalleled experience in economic capital, Basel II, and supervisory risk-examination matters. This team includes John Mingo, former Senior Advisor at the Federal Reserve Board, Susan Krause Bell, former OCC Senior Deputy Comptroller, Jim Kamihachi, former OCC Senior Deputy Comptroller, Alice Cho, former assistant to the Federal Reserve Vice Chairman, and Alex Carmichael, former Director of Commercial Banking at RiskMetrics Group, Inc.

Earlier, Mr. Brown served as Director of the OCC’s Risk Analysis Division, where he was responsible for examining banks’ use of quantitative risk models and developing policies governing the appropriate use of models by banks. He was a member of the inter-agency Basel II implementation working group and the OCC Basel II Steering Committee. He holds a B.A. in Political Science and Economics from the University of Iowa and a Ph.D. in Economics from Brown University.

Promontory Financial Group , headquartered in Washington, DC, has offices in New York, San Francisco, and affiliate offices in London, Paris, Tokyo, Puerto Rico and Singapore. It was founded by Mr. Ludwig, former U.S. Comptroller of the Currency, founded Promontory in 2001 with others, including Dr. Alan Blinder, former Vice Chairman of the Board of Governors of the Federal Reserve System. The Promontory team includes Arthur Levitt, former SEC Chairman, and Frank Zarb, former Chairman and CEO of the NASD and the NASDAQ Stock Market, Inc.

Promontory Financial Group, LLC  www.promontory.com
1201 Pennsylvania Avenue, NW, Suite 617, Washington, DC 20004 (202) 662-6980  washington@promontory.com.

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