Chester B. Feldberg, Former Barclays Chairman
and NY Fed EVP, Joins Promontory Financial
September 10, 2010 01:07 PM Eastern Daylight Time
WASHINGTON--(EON: Enhanced Online News)--Promontory Financial Group (PFG), the premier consulting
firm for financial services companies worldwide, has named Chester B. Feldberg a Senior Advisor and a director of
its Global Advisory Board.
A 36-year veteran of the Federal Reserve Bank of New York, Mr. Feldberg has a record of exemplary leadership
in both the public and private sectors. He served as Chairman of Barclays America from 2000 to 2008. The New
York Fed appointed him in January 2009 as one of three trustees in the AIG Credit Trust Facility.
“Chet Feldberg is a wise and trusted figure throughout finance, as I learned clearly when I had the honor to work
alongside him on the Basel Committee on Banking Supervision,” said Eugene A. Ludwig, Promontory’s Chairman
and CEO. “Chet’s well honed instincts will be immensely valuable in guiding Promontory’s strategy of helping
financial companies manage risk, grapple with regulation, meet or exceed supervisory expectations, and position
themselves for the future,” Mr. Ludwig added.
"I am delighted to have the opportunity to be reunited with Gene Ludwig and the other members of the Promontory
team, many of whom served on the Basel Committee,” Mr. Feldberg said. “I very much look forward to
participating in Promontory's ongoing efforts to assist banks in meeting today's critical legal and regulatory challenges
and in the process to help strengthen the global banking system."
Until his retirement from the New York Fed in 2000, Mr. Feldberg held the pivotal post of executive vice president
in charge of the Bank Supervision Group. He oversaw a supervision force of 600, including 400 examiners, and
drove the bank's focus on supervision by risk assessment. Earlier, he ran the New York Fed’s discount window,
and worked on the Lockheed and Chrysler loan guarantees, the New York City financial crisis, the Third World
debt crisis, and the savings bank crises in New York and Ohio. Mr. Feldberg started as a lawyer in the bank’s legal
department before moving to the Credit and Capital Markets Group.
Mr. Feldberg earned a Bachelor of Laws degree from the Harvard Law School and a Bachelor of Arts degree in
economics from Union College. He also attended the advanced management program at the Harvard Business
Promontory Financial Group, headquartered in Washington, D.C., is the premier global consulting firm for financial
services companies. Promontory has offices in New York, San Francisco, and Atlanta, and affiliate offices in Dubai,
London, Milan, Paris, Singapore, Sydney, Toronto and Tokyo. Mr. Ludwig, former U.S. Comptroller of the
Currency, founded Promontory in 2000. Visit us on the web at www.promontory.com.
Promontory Financial Group LLC
Debra Cope, 202-384-1011