Founders and Board

Eugene A. Ludwig - Chairman; Co-Founder

Eugene A. Ludwig is the Chairman of Promontory Interfinancial Network, and former U.S. Comptroller of the Currency.

He also is the founder and Chief Executive Officer of Promontory Group, a suite of companies offering products and services to assist banks and other financial businesses. He is CEO of Promontory Financial Group and Chairman of Promontory Asset Finance Company. Prior to co-founding Promontory, Mr. Ludwig served as Vice Chairman and Senior Control Officer of Bankers Trust Corporation/Deutsche Bank.

As head of the U.S. Office of the Comptroller of the Currency (OCC), Mr. Ludwig oversaw the federal agency responsible for supervising federally chartered commercial banks and federal branches and agencies of foreign banks. He spearheaded efforts to modernize the banking industry. Prior to joining the OCC, Mr. Ludwig was a Partner at the law firm of Covington & Burling. Mr. Ludwig earned a J.D. from Yale University, a Masters as a Keasbey Fellow from Oxford University, and graduated magna cum laude from Haverford College.

Alan S. Blinder - Vice Chairman; Co-Founder

Dr. Alan S. Blinder is the Vice Chairman of Promontory Interfinancial Network. He is also the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs at Princeton University and Co-Director of Princeton’s Center for Economic Policy Studies. 

Formerly, he was the Vice Chairman of the Board of Governors of the Federal Reserve System. Prior to that, Dr. Blinder served as a Member of President Clinton’s original Council of Economic Advisers. He was also an economic advisor to Al Gore and John Kerry. 

Dr. Blinder is the author or co-author of 17 books, including the textbook, Economics: Principles and Policy (with William J. Baumol), now in its 11th edition. He has also written scores of scholarly articles on such topics as fiscal policy, monetary policy, and the distribution of income. He is also a columnist for The New York Times Sunday business section, and appears frequently on PBS, CNBC, CNN, Bloomberg TV, and elsewhere.

Dr. Blinder earned a Ph.D. from the Massachusetts Institute of Technology and an A.B. from Princeton University, both in Economics.

Mark P. Jacobsen, President & CEO; Co-Founder

Mark P. Jacobsen is a co-founder of Promontory Interfinancial Network and serves as its President and CEO.

Prior to co-founding Promontory Interfinancial Network in mid-2002, Mr. Jacobsen was a partner in the financial services consulting firm of Promontory Financial Group. Before then, he was Chief of Staff at the Federal Deposit Insurance Corporation (FDIC) from 1999 through 2000. Earlier, Mr. Jacobsen worked as a Managing Director at Bankers Trust Company (later Deutsche Bank), where he focused on risk management issues.

From 1994 until 1998, Mr. Jacobsen served at the Office of the Comptroller of the Currency (OCC), as Special Assistant to the Chief Counsel, Senior Advisor to the Comptroller and finally as Chief of Staff.

He began his career at the law firm of Covington & Burling in Washington, DC. Mr. Jacobsen holds a J.D. from Harvard Law School and a B.S. in physics from Wheaton College in Illinois.

Alfred H. Moses - Vice Chairman - Law; Co-Founder

Alfred H. Moses is Vice Chairman and co-founder of Promontory Interfinancial Network, and a Senior Partner of Promontory Financial Group. Mr. Moses also is a Partner and Senior Counsel in the Washington, D.C., law firm of Covington & Burling. His public service included terms as Special Advisor and Special Counsel to President Jimmy Carter from 1980 to 1981; the American Ambassador to Romania from 1994 to 1997; and the Special Presidential Envoy for the Cyprus conflict until 2001.

Mr. Moses received his law degree from Georgetown University, where he was editor of the Georgetown Law Review, and his bachelor's degree from Dartmouth College.

Art Certosimo - Vice Chairman

Art Certosimo is the Vice Chairman of Promontory Interfinancial Network. He is also the Executive Committee Member, and the Senior Executive Vice President and Chief Executive Officer, Broker-Dealer Services and Alternative Investment Services at the Bank of New York Mellon. He oversees all client services, product management, sales, operations and technology activities worldwide.

Before joining The Bank of New York Mellon in 1998, Mr. Certosimo was a principal of Morgan Stanley Asset Management (MSAM), where he managed customer information services worldwide. Earlier, he was a Vice President at the Chase Manhattan Bank's Global Investor Services group, where he established and managed the global customer service organization.

Mr. Certosimo also serves as a member of the Board of Directors of Depository Trust & Clearing Corporation and Brooklyn Bureau of Community Service, and as a member of the Finance Advisory Board of Rutgers Business School.

Mr. Certosimo holds a B.S. in Business Administration from Rutgers College at Rutgers University, and an M.B.A. from Fairleigh Dickinson University.

James M. Culberson, Jr.

James M. Culberson, Jr. is Chairman Emeritus of the First National Bank and Trust Company, Asheboro, NC, and a former President of the American Bankers Association and the North Carolina Bankers Association.

He is presently Chairman of the North Carolina Enterprise Corporation. Mr. Culberson served as President, Chairman and Chief Executive Officer of First National Bank for more than 20 years, and was a Director of the Federal Reserve Bank of Richmond. Prior to First National, he was Senior Vice President at Wachovia Bank & Trust Company. Mr. Culberson holds a B.A. from Dartmouth College.

Ismail (Izzy) Dawood

Izzy Dawood is the head of Global Corporate Development of The Bank of New York Mellon. Mr. Dawood joined the company in November 2006.

In 1994, Mr. Dawood joined Wachovia Corporation as the Managing Director, Structured Treasury Activities, in Charlotte, NC. Earlier, he held various positions in corporate finance, and later played a key role in the Wachovia/First Union merger.

Mr. Dawood holds an M.B.A. from the Wharton School of Business and a B.S. in Finance from St. John’s University. He also holds a CFA designation.

Kenneth M. Duberstein

Kenneth M. Duberstein is Chairman and Chief Executive Officer of The Duberstein Group, an independent strategic planning and consulting company in Washington, DC. Prior to forming his own company, he served as Chief of Staff to President Reagan.

During the Reagan Administration, Mr. Duberstein also held the position of White House Deputy Assistant to the President for Legislative Affairs. Previously, he was Vice President and Director of Business-Government Relations at the Committee for Economic Development.

Mr. Duberstein also was Vice President of Timmons & Company Inc, a government relations firm. His earlier government service included serving as Deputy Under Secretary of Labor during the Ford Administration and as Director of Congressional and Intergovernmental Affairs at the U.S. General Services Administration. Mr. Duberstein holds an A.B. from Franklin and Marshall College and an M.A. from American University.

Edward W. Kelley, Jr.

Edward W. (Mike) Kelley, Jr., recently retired as a board member for the Board of Governors of the Federal Reserve System, where he was Chairman of the Payment System Policy Advisory Committee.

At the Federal Reserve, he also served as Chairman of the Strategic Planning Coordination Group, as well as the committees of Bank Affairs, Supervision and Regulation, and International Finance. Mr. Kelley has been a founding Director of three banks in the Houston area: Southern National Bank, Westwood Commerce Bank, and West Belt National Bank.

Before joining the Federal Reserve, Mr. Kelley served as Chairman of the Board for Investment Advisors Incorporated and President and Chief Executive Officer of Kelley Industries Inc., both in Houston. Mr. Kelley holds an M.B.A. from Harvard Business School and a B.A. in history from Rice University.

Frank N. Newman

Frank N. Newman is Chairman and Chief Executive Officer of Shenzhen Development Bank, China. He is also Chairman Emeritus of Bankers Trust Corporation, following his tenure as Chairman and Chief Executive Officer of Bankers Trust Corporation and its principal banking subsidiary, Bankers Trust Company.

Before joining Bankers Trust, Mr. Newman was Deputy Secretary of the U.S. Treasury Department and its Chief Operating Officer. Mr. Newman oversaw domestic and international economic policy matters, as well as financial services industry issues.

Previously, Mr. Newman spent six years with BankAmerica Corporation, where he was Chief Financial Officer and Vice Chairman of the Board of Directors. Prior to joining BankAmerica, Mr. Newman was Executive Vice President and Chief Financial Officer at Wells Fargo Bank in San Francisco. Mr. Newman holds a B.A. in economics from Harvard University.

Donald G. Ogilvie

Donald G. Ogilvie, formerly President and CEO of the American Banker Association (ABA), managed the association from 1985 to 2005. He is currently Chairman of American Bankers Association International. He is also the Director of TransUnion Corporation in Chicago, and MacDermid, Inc., in Waterbury, CT.

Mr. Ogilvie serves as a consultant to the Board of the International Monetary Conference, which includes the heads of approximately 80 of the largest international banks in the world. He holds a similar role with the International Financial Conference, a forum for the CEOs of the larger U.S. regional banks and non-U.S. financial services companies.

Mr. Ogilvie was Vice President of the Celanese Corporation and served as Founding Associate Dean at Yale University’s School of Organization and Management, where he currently teaches. A native of New York City, Mr. Ogilvie holds a B.A. in economics from Yale University and a M.B.A. from Stanford University’s School of Business.

Warren B. Rudman

Senator Warren B. Rudman became a Partner in the international law firm of Paul, Weiss, Rifkind, Wharton & Garrison after serving two terms as a U.S. senator from New Hampshire.

During his 12 years in the Senate, Sen. Rudman served as Chairman of the Ethics Committee and as a member of the committees on Appropriations, Intelligence, Governmental Affairs and Permanent Subcommittee on Investigations. He co-authored the Gramm-Rudman-Hollings Deficit Reduction Act. In January 2001, President Clinton awarded him the Presidential Citizens Medal, recognizing his years of devoted public service. He is currently a member of the blue ribbon commission of The Conference Board called The Commission on Public Trust and Private Enterprise.

Sen. Rudman began his career practicing law in his hometown of Nashua, New Hampshire. He was later appointed Attorney General of New Hampshire and then elected President of the National Association of Attorneys General. After completing his public service, Sen. Rudman joined the Manchester, N.H.-based law firm of Sheehan, Phinney, Bass and Green. Sen. Rudman received a B.S. from Syracuse University and an LL.B. from Boston College Law School.

Jeffrey B. Schreier

Jeffrey B. Schreier is a financial company strategic and operating executive and advisor. Formerly Managing Director of The Bank of New York Mellon, Mr. Schreier led major corporate initiatives, including the planning and execution of the merger between The Bank of New York Company, Inc. and Mellon Financial Corporation, and the restructuring and consolidation of the banks, trust companies, and other operating subsidiaries comprising the new financial holding company. Before the merger, he was responsible for special projects, reporting to BNY’s Chairman and CEO, and served as Head of Mergers and Acquisitions, co-head of Corporate Development, and Head of Corporate Finance. Previously, in the Legal Division, Mr. Schreier served as Head of Litigation, Corporate and Real Estate Restructuring, Bankruptcy, Banking Operations and HR.

Before joining the Bank, Mr. Schreier was in private practice with Proskauer Rose. He holds a J.D. from Washington University in St. Louis, an M.A. from the University of Michigan, and a B.A. from Union College in Schenectady, New York.

J. Michael Shepherd

J. Michael Shepherd is President and Chief Executive Officer for Bank of the West. He joined the bank in 2004 as Executive Vice President, General Counsel and Secretary for the bank and its holding company BancWest Corporation. He is also a member of the bank's Board of Directors, its Office of the Chairman, its Executive Management Committee and is a Director of BancWest Corporation.

Before joining Bank of the West and BancWest Corporation, Shepherd served in similar positions with The Bank of New York Mellon. and Shawmut National Corporation. He was a Partner in the law firm of Brobeck Phleger & Harrison LLP and special counsel in the law firm of Sullivan & Cromwell.

Mr. Shepherd also served as Senior Deputy Comptroller at the Office of the Comptroller of the Currency, and associate counsel to the President of the United States and Deputy Assistant Attorney General. Mr. Shepherd is a graduate of Stanford University and the University of Michigan Law School.

O. Jay Tomson

O. Jay Tomson serves as Chairman of the Board of First Citizens National Bank in Mason City, Iowa, with branches in 10 North Iowa communities. Mr. Tomson is a past President of the Independent Community Bankers of America, and presently serves on the ICBA Tax Committee. He is also a former President of the Iowa Independent Bankers Association.

While at First Citizens, Mr. Tomson also served as a Director of the Federal Reserve Bank of Chicago. Previously, he was an Executive Vice President at Marquette National Bank in Minneapolis, Minnesota, and Vice President of Operations at Bankers Trust Company in Des Moines, Iowa. Earlier in his career, Mr. Tomson served as a Bank Examiner, with the U.S. Comptroller of the Currency and the Federal Reserve Bank of Chicago, principally in the state of Iowa.

Mr. Tomson holds graduate degrees from the Stonier Graduate School of Banking and Iowa Agricultural Credit School, and a B.A. in Economics from St. Olaf College in Northfield, Minnesota.

Frank G. Zarb

Frank G. Zarb is Chairman of Frank Zarb Associates and Senior Advisor to The Nasdaq Stock Market, Inc., and the National Association of Securities Dealers, Inc. (NASD), which is now the Financial Industry Regulatory Authority (FINRA).

Previously, Mr. Zarb served as Chairman and Chief Executive Officer of Nasdaq and NASD. Before that, he was Chairman, Chief Executive Officer and President of Alexander & Alexander Services, Inc., a global organization of professional advisors providing risk management, insurance brokerage, and human resource management consulting services.

Mr. Zarb earlier was Vice Chairman and Group Chief Executive of The Travelers, Inc., and Chairman and Chief Executive Officer of Smith Barney, a Travelers subsidiary. Mr. Zarb holds M.B.A. and B.S. degrees.