WASHINGTON--(BUSINESS WIRE)--Amy Friend, the former Chief Counsel of the Senate Committee on Banking, Housing and Urban Affairs, has been named a Managing Director of Promontory Financial Group, the premier global financial services consulting firm.
Ms. Friend, who joins the firm today, will work with Promontory clients on a wide range of issues, including risk management, governance, and the regulatory implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which, at 2,300 pages, is one of the most complex and wide-ranging overhauls of the financial regulatory framework in decades.
“Amy is an exceptionally well rounded financial services expert, whose energy and insights have helped her excel in senior staff positions in the Senate, the House of Representatives, and the Office of the Comptroller of the Currency,” said Eugene A. Ludwig, Chief Executive Officer of Promontory. “I am certain she will be highly effective in meeting our clients’ needs for smart and practical guidance and advice.”
Ms. Friend joins a unique team of professionals, including former senior financial services regulators and executives, who provide strategic advice and assistance to many of the world’s leading financial companies, particularly in the areas of risk management, controls, compliance, regulatory advice, governance, and capital and liquidity.
“I am looking forward to using the experience I’ve gained during 23 years in public service to help Promontory clients solve some of the most pressing issues in finance today,” Ms. Friend said.
Ms. Friend joined the Senate Banking Committee staff in February 2008, and took a leadership role in developing several major new pieces of legislation in the midst of the financial crisis. These included the Dodd-Frank Act, the Housing and Economic Recovery Act, and the Emergency Economic Stabilization Act.
From 1998 to 2008, as Assistant Chief Counsel of the Office of the Comptroller of the Currency, she was involved in a number of significant OCC actions on regulatory and legal issues relating to national banks. She worked extensively on information privacy and data security.
From 1987 to 1997, Ms. Friend held various positions with the U.S. House of Representatives, including Minority General Counsel of the House Banking, Finance, and Urban Affairs Committee, now the House Financial Services Committee, and General Counsel on the Consumer Affairs and Coinage Subcommittee. Previously, she was an attorney in private practice.
Ms. Friend earned a Bachelor of Arts degree at the University of Pennsylvania and a Juris Doctor degree at Georgetown University Law Center. She is a member of the District of Columbia Bar.
Promontory is headquartered in Washington, D.C., and has offices in New York, San Francisco, and Atlanta, and affiliate offices in Dubai, London, Milan, Paris, Singapore, Sydney, Tokyo, and Toronto. Mr. Ludwig, former U.S. Comptroller of the Currency, founded Promontory in 2001. Visit us on the web at www.promontory.com.