Credit Risk Expert David D. Gibbons Joins Promontory Financial Group.WASHINGTON -- Promontory promontory /prom·on·to·ry/ (prom´on-tor?e) a projecting process or eminence. prom·on·to·ry n. A projecting part. promontory a projecting process or eminence. Financial Group, the premier global consulting firm for financial services companies, today announced it has appointed David D. Gibbons Famous people named Gibbons include:
Mr. Gibbons brings 31 years of senior bank credit, market and operational risk management expertise to his new role at Promontory. He spent 27 years with the Office of the Comptroller of the Currency The Office of the Comptroller of the Currency (or OCC) was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States. (OCC OCC See: Options Clearing Corporation OCC See Options Clearing Corporation (OCC). ), rising to Deputy Comptroller in charge of both special supervision (that is, troubled banks) and credit. Mr. Gibbons was widely acknowledged as the agency's "credit czar." Mr. Gibbons also served as chief risk officer for HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) North America between 2004 and 2007. Promontory founder and CEO Eugene A. Ludwig said Mr. Gibbons' expertise in credit and enterprise risk evaluation is exceptional. "He is one of the top credit risk professionals I have ever worked with," said Mr. Ludwig. "We are delighted to welcome Dave to Promontory, and we know our clients will be exceptionally well served by the insights and expertise he has honed through his professional roles both in and outside of government." Over the course of 27 years with the OCC, Mr. Gibbons rose through the examiner ranks to become Deputy Comptroller for Special Supervision (2002 to 2004), a role that entailed leading the agency's problem bank management and resolution efforts. In that role, he led the rehabilitation and resolution of the largest and most complex troubled institutions in the banking system. He became a Deputy Comptroller in 1997, when he was named the agency's Chief Credit Officer and primary authority on all credit risk matters. Mr. Gibbons spent two decades in the field with the OCC, starting as an Assistant National Bank Examiner in Syracuse, N.Y., in 1977 and progressing through increasing levels of responsibility as a National Bank Examiner and Field Manager. From 1989 to 1996, he was an Examiner-in-Charge, overseeing the banking units of major Northeast and New England banks, including Chase Manhattan Corp., Fleet Financial Group, and Shawmut National Corp., during periods of turmoil in the financial services industry. He was Acting District Administrator of National Banks in the Atlanta OCC office from 1996 to 1997, overseeing supervision of 300 banking organizations across eight states. Mr. Gibbons earned a bachelor's degree in economics and finance from Alfred University in Alfred, N.Y. Promontory Financial Group, headquartered in Washington, D.C., is the premier global consulting firm for financial services companies. Promontory has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and San Francisco, and affiliate offices in London, Milan, Paris, Singapore, and Tokyo. Mr. Ludwig, former U.S. Comptroller of the Currency Comptroller of the Currency A government official, appointed by the President of the United States, who keeps control over all national banks, and receives reports from the banks at least quarterly, to be published in newspapers. , founded Promontory in 2001. Visit us on the web at www.promontory.com. |
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