WASHINGTON--(BUSINESS WIRE)--Promontory Financial Group, the premier global consulting firm for financial services companies, today announced it has appointed David G. Nason as a Managing Director.
Mr. Nason joins Promontory after more than three years in the leadership ranks of the U.S. Department of the Treasury, most recently as Assistant Secretary for Financial Institutions. As a principal policy adviser to former Treasury Secretary Henry M. Paulson, Mr. Nason helped create, develop and implement Treasury’s response to stresses in the financial markets, including the Capital Purchase Program and the Troubled Asset Relief program, or TARP. He also led Treasury’s efforts in developing its Blueprint for a Modernized Financial Regulatory Structure, and spearheaded the creation of the money market mutual fund guarantee program.
At Promontory, Mr. Nason will advise clients on a host of strategic matters, including improving corporate governance, strengthening risk and financial controls, evaluating potential combinations, and meeting regulatory requirements.
Promontory founder and CEO Eugene A. Ludwig said he expects Mr. Nason’s expertise, judgment and skill will be highly prized by Promontory clients. “David has been intimately involved in crafting many of the initiatives that are now in place to ensure the resilience of the U.S. financial system. He has been a true thought leader at a time of extraordinary change for financial institutions. We are fortunate indeed to welcome him to Promontory.”
Mr. Nason said he is pleased to be joining Promontory, especially at this critical juncture for financial institutions. “No organization is better suited and positioned to work with financial institutions during these difficult times,” Mr. Nason said. “There will be profound reforms in the financial services arena and Promontory is the perfect platform to help shape and advise clients on how to react to those changes. I am thrilled to be joining an organization with such talented professionals and an unparalleled reputation for competence and integrity."
Mr. Nason joined the U.S. Treasury Department in October 2005 as Deputy Assistant Secretary for Financial Institutions Policy, and was nominated for promotion to the post of Assistant Secretary for Financial Institutions in March 2007. Before joining the Treasury Department, he spent three years as Counsel to Securities and Exchange Commissioner Paul S. Atkins.
From 1996 to 2002, he was an associate in the Washington law firm of Covington & Burling LLP, where he worked on a wide array of corporate transactions, including public and private securities offerings, merger agreements, and corporate reorganizations. He previously spent one year as a law clerk to the Honorable Judge Marvin J. Garbis of the U.S. District Court for the District of Maryland.
Mr. Nason earned his bachelor’s degree in finance from The American University and his law degree, summa cum laude, from The American University’s Washington College of Law.
Promontory Financial Group, headquartered in Washington, D.C., is the premier global consulting firm for financial services companies. Promontory has offices in New York and San Francisco, and affiliate offices in London, Milan, Paris, Singapore, and Tokyo. Mr. Ludwig, former U.S. Comptroller of the Currency, founded Promontory in 2001. Visit us on the web at www.promontory.com.