David Samuels Joins Promontory Financial Group as Managing Director

WASHINGTON--(BUSINESS WIRE)--Promontory Financial Group, a premier strategy, risk-management, regulatory, and compliance consulting firm for financial services firms worldwide, announced that David Samuels, former Global Head of Risk Solutions and Analytics for S&P Capital IQ, has joined the firm as a Managing Director. Mr. Samuels, who is based in New York, but will continue to spend extensive time in Europe, the Middle East, Africa, and the Asia-Pacific region, will drive the development of a stress-testing solutions business and expanded analytical solutions, benchmarks and models, on a global basis.

“The financial crisis highlighted the critical importance of effective risk management. Today, institutions must handle heightened regulatory oversight as well as new and changing expectations”

“The financial crisis highlighted the critical importance of effective risk management. Today, institutions must handle heightened regulatory oversight as well as new and changing expectations,” said Promontory Chief Executive Officer and Founder Eugene A. Ludwig. “David brings the right mix of analytic and senior managerial strengths to this initiative and has developed a strong reputation for helping financial institutions proactively monitor their individual and enterprise-wide risks in an evolving environment.”

Mr. Samuels has spent more than 25 years developing and providing risk-management solutions across industry, asset, and geographic lines. During six years at S&P IQ in his role as Global Head of Risk Solutions and Analytics, he oversaw the development of an innovative suite of risk-management solutions, including analytics, services, and data sets. From 2004 to 2007 he was Chief Operating Officer and Global Head of SunGard ERisk, where he oversaw quantitative modelers, programmers, and consultants in developing customized risk solutions for clients. Before that, he was President and Chief Executive Officer of Zoologic Inc., a provider of flexible learning tools for the financial services industry.

Mr. Samuels stated, “Across Asia, Europe and the Americas, the use of stress testing to drive risk-based decision making is gaining momentum and becoming pervasive. I am excited to join Promontory’s deep bench of seasoned risk-management professionals, and look forward to working with them and the rest of the Promontory team to expand our stress testing and analytic solutions for the benefit of our clients globally.”

Mr. Samuels holds a Bachelor of Science in Finance and Management Information Systems from the State University of New York at Albany.

About Promontory

Promontory Financial Group, headquartered in Washington, D.C., is a global consulting firm for financial services companies. The firm specializes in solving regulatory, risk, controls, compliance, governance, capital, and liquidity issues. Promontory has offices in New York, San Francisco, Atlanta, and Denver, and affiliate offices in Brussels, Dubai, Hong Kong, London, Milan, Paris, Singapore, Sydney, Tokyo, and Toronto. Eugene A. Ludwig, who served as U.S. Comptroller of the Currency under President Clinton, founded Promontory in 2001.

Visit us at www.promontory.com and follow us on Twitter @PromontoryFG.