Chester B. Feldberg, Former Barclays Chairman and NY Fed EVP, Joins Promontory Financial Group Board.pdf

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Promontory Promontory Financial Group Mr Feldberg Bank York Financial services companies

 
 
 
 
Chester B. Feldberg, Former Barclays Chairman 
and NY Fed EVP, Joins Promontory Financial 
Group Board 
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 
School.  
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.  
Contacts  
Promontory Financial Group LLC 
Debra Cope, 202-384-1011 
dcope@promontory.com 
Permalink: http://eon.businesswire.com/news/eon/20100910005882/en