Eugene A. Ludwig ’73, Chairman and Founder, Promontory Financial Group, and U.S. Comptroller of the Currency, 1993-98
(From left) Dean Robert Post ’77, Eugene A. Ludwig ’73, Roberta Romano ’80, and Robert Todd Lang ’47
In presenting the award, Center Director Roberta Romano ’80 stated that:
“Simeon Baldwin’s career embodies the distinguished achievement and service in law and business that the Center wishes to recognize and honor in award recipients. And like Simeon Baldwin, Gene Ludwig has done it all. He has been a partner at Covington & Burling specializing in a banking practice; Vice Chairman and Senior Control Officer of Bankers’ Trust/Deutsche Bank; and is now the Chairman of Promontory, a leading financial services consulting firm, which he founded in 2001. He was U.S. Comptroller of the Currency from 1993-98, and while in that position, he also served on the Basel Committee on International Bank Supervision, the FDIC’s Board of Directors and was Chairman of the Neighborhood Reinvestment Corporation. As Comptroller of the Currency, among other key tasks, he put together the plan that was the Clinton Administration’s successful policy response to getting banks and the economy through the credit crunch of the early 1990’s. In addition to his government service, Gene is Secretary and Member of the Board of Directors of the National Academy Foundation, a non-profit organization through which businesses partner with the education community in hundreds of public high schools across the nation to prepare underserved students for college and successful careers in the financial sector. A focus of his work as Comptroller was on national bank investments in community development, a lifelong interest that he has continued not only in his association with the National Academy Foundation but also in his support of the Ludwig Community Development Program at YLS, which provides legal services and other professional consultation services (business, environmental, public health) to community groups, particularly nonprofit organizations involved in affordable housing, banking, and economic development efforts. I think it is accurate to say that Gene Ludwig not only has followed in the footprints of Simeon Baldwin but stands tall in them. YLS is honored to have you as an alumnus.”