WASHINGTON--(BUSINESS WIRE)--Eugene A. Ludwig, Founder and CEO of Promontory Financial Group, issued the following statement on today’s retirement announcement by Congressman Barney Frank, D-Massachusetts. Congressman Frank, the ranking minority member and former Chairman of the House Financial Services Committee, announced today he will not seek re-election for a 17th term in Congress.
Congressman Frank has been a remarkably effective, focused, and determined member of the House of Representatives. During 16 terms in the House, he has emerged as a pragmatist whose affinity for consumers is complemented by a genuine understanding of the importance of promoting robust businesses and a stable, thriving financial system. His facility in dealing with complicated financial issues is unparalleled, and as a champion of affordable and available housing for all, he has had few equals in Congress. His departure from Congress will be sorely felt.
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About Promontory
Promontory Financial Group, headquartered in Washington, D.C., is the premier global consulting firm focused on financial services companies. Promontory has offices in New York, San Francisco, and Atlanta, and affiliate offices in Brussels, Dubai, Hong Kong, London, Milan, Paris, Singapore, Sydney, Tokyo, and Toronto. Eugene A. Ludwig, who served as U.S. Comptroller of the Currency under President Clinton, founded Promontory in 2001.
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