18 Facts About Elizabeth McCaul

Elizabeth McCaul has been a member of the European Central Bank's supervisory board since 2019.

Elizabeth McCaul previously served as superintendent of banks for New York state, and as the head of the New York State Banking Department.

Elizabeth McCaul began her career in 1985 as an investment banker at Goldman Sachs, where she specialized in energy and project financing.

Elizabeth McCaul became acting superintendent in 1997 upon Levin's departure, and she continued in that capacity for two years.

Elizabeth McCaul established the department's Tokyo office, its second permanent office outside the US.

Elizabeth McCaul's nomination was confirmed by the New York State Senate on June 7,2000.

Elizabeth McCaul's office established a claims processing office to assist Holocaust survivors and their heirs who were trying to recover assets wrongfully held or stolen in World War II.

Elizabeth McCaul's office blocked a proposed merger of the Union Bank of Switzerland and the Swiss Bank Corporation until the banks promised to cooperate on the return of victims' assets.

Elizabeth McCaul oversaw initiatives to ensure that the New York banking system functioned well in the aftermath of the September 11,2001, terrorist attacks.

Elizabeth McCaul negotiated, along with several state attorneys general, a $484 million multistate settlement with Household International Inc regarding its residential mortgage lending practices.

In March 2003, Elizabeth McCaul announced that she would step down as superintendent after a short transition period, citing personal reasons.

Elizabeth McCaul had recently given birth to her fifth child.

In September 2003, Elizabeth McCaul joined Promontory Financial Group, a consulting firm recently established in Washington, DC by former US Comptroller of the Currency Eugene Ludwig.

Elizabeth McCaul opened the firm's New York office to serve global banks and investment houses, and was its partner-in-charge until 2016.

Elizabeth McCaul became global head of strategy and chair of Promontory Financial Group Europe in 2019.

In July 2016, Elizabeth McCaul discussed the Vatican's financial reforms at the annual meeting of the Leadership Roundtable, a Catholic 501 nonprofit organization that promotes best practices and accountability in church management, finances, and administration.

Elizabeth McCaul said that in 2013, the year the Vatican hired Promontory, confidence in the church and its bank had been undermined by a lack of transparency, internal controls and adherence to international regulatory practices.

Elizabeth McCaul is a trustee of Hofstra University and of Cold Spring Harbor Laboratory and is a member of the board of directors of Accion International, a global nonprofit that supports microfinance initiatives and financial inclusion.