18 Facts About Eugene Ludwig

Eugene A "Gene" Ludwig was born on April 11,1946 and is an American businessperson who is chairman of the consulting firm Promontory Financial Group.

Ludwig was born in Brooklyn, New York, to Jacob S and Louise Rabiner Ludwig and raised in York, Pennsylvania.

Eugene Ludwig's father was a doctor and his mother was a former Broadway chorus girl.

Eugene Ludwig graduated with a master's of arts degree from New College in politics and economics.

Eugene Ludwig graduated from Yale Law School with a JD degree.

In 1973, Eugene Ludwig was hired by the law firm Covington and Burling, becoming a partner in 1981.

In 1993, Eugene Ludwig became the 27th Comptroller of the Currency.

Eugene Ludwig took office after the early 1990s recession had caused bank failures and created a credit crunch.

Eugene Ludwig led President Clinton's initiatives to reform the Community Reinvestment Act and more vigorously enforce the fair lending laws.

In 2001, Eugene Ludwig founded Promontory Financial Group, becoming its CEO and chairman.

The firm gained attention when, following a $750 million trading scandal at Allied Irish Banks, Promontory produced what became known as "The Eugene Ludwig Report," recommending improved compliance and management measures which helped the bank regain its footing.

Eugene Ludwig is co-founder and managing partner of Canapi Ventures, a venture capital firm, and founder and CEO of Eugene Ludwig Advisors.

Promontory Interfinancial Network, a separate company that Eugene Ludwig started in 2003 with former Federal Reserve Vice Chairman Alan Blinder, was sold in 2019 to Blackstone Group.

Since 2021, Eugene Ludwig has sat on the Advisory Board of Suade Labs.

Eugene Ludwig is the editor of The Vanishing American Dream, a book that provides comments from experts across the political spectrum on the economic challenges facing lower- and middle-income Americans.

Eugene Ludwig has written numerous articles on banking, finance, and economic policy for scholarly journals and publications and has been a guest lecturer at Yale and Harvard law schools and Georgetown University's International Law Institute.

In 2008, Ludwig co-authored an essay in The Wall Street Journal with former Federal Reserve Chairman Paul A Volcker and former US Treasury Secretary Nicholas F Brady calling for a resurrection of the Resolution Trust Corporation to help deal with the financial crisis.

Eugene Ludwig is a Wykeham Fellow at New College, Oxford.