Former FDIC Deputy Director Joins Promontory

Jul 6 2011 | 9:50am ET

John M. Lane, formerly of the Federal Deposit Insurance Corporation, has signed on as a special advisor at Washington, D.C.-based Promontory Financial Group.

Lane, who was the founding head of the complex financial institutions branch at the FDIC, spent 34 years with that agency, most recently as the deputy director of the supervision and consumer protection division. In that role, he provided executive oversight of the agency’s national risk-management examination program, led its horizontal risk-assessment initiatives and was instrumental in its development of large-bank failure simulations.

“There are few people who have John’s institutional knowledge of the FDIC, its regulation, supervision and resolution operations,” said Eugene A. Ludwig, Promontory founder and chief executive officer. “We are fortunate to have such a distinguished adviser for our clients managing systemic risk and designing and implementing living wills.”

Promontory advises financial services companies worldwide on regulatory, risk, controls, compliance, governance, capital and liquidity issues.

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