WASHINGTON--(BUSINESS WIRE)--Promontory Financial Group today reached an agreement with the New York Department of Financial Services regarding the firm’s work for Standard Chartered Bank between 2009 and 2011.
“We are glad to have resolved this matter,” said Eugene Ludwig, the founder and chief executive officer of Promontory Financial Group. “We remain committed to quality and integrity in carrying out our work.”
Promontory Financial Group, based in Washington, D.C., specializes in helping companies and governments around the world manage complex risks and meet their greatest regulatory challenges. Promontory’s work aims to make its clients stronger and the financial system safer. Promontory has offices in New York, San Francisco, Atlanta, and Denver, and affiliate offices in Beijing, Brussels, Dubai, Dublin, Hong Kong, Istanbul, London, Madrid, Milan, Paris, Singapore, Sydney, Tokyo, and Toronto. Eugene A. Ludwig, who served as U.S. comptroller of the currency under President Bill Clinton, founded Promontory in 2001.