Eugene Ludwig
| Eugene Ludwig | |
|---|---|
Portrait of Eugene Ludwig
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| Comptroller of the Currency | |
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In office 1993–1998 |
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| Preceded by | Robert L. Clarke |
| Succeeded by | John D. Hawke, Jr. |
| Personal details | |
| Born |
April 11, 1946 York, Pennsylvania, United States |
| Nationality | American |
| Spouse(s) | Dr. Carol Ludwig |
| Children | 3 |
| Alma mater |
Haverford College Oxford University Yale University |
| Occupation | Founder and CEO of Promontory Financial Group Former US Comptroller of the Currency |
Eugene A. "Gene" Ludwig (born April 11, 1946) is an American business leader and expert on banking regulation, risk management, and fiscal policy. He is the Founder and CEO of Promontory Financial Group, a global financial services advisory firm. He is also the former vice chair at Bankers Trust of Deutsche Bank, and from 1993 to 1998 served as President Clinton's Comptroller of the Currency.
Ludwig was born in Brooklyn, N.Y., to Jacob S. and Louise R. Ludwig. He was raised in York, Pennsylvania, attending public schools. His father was a country doctor who took his son with him to get his first office loan. His mother was a former Broadway chorus girl. His younger brother Ken Ludwig became an award-winning playwright.
Ludwig received his undergraduate degree magna cum laude from Haverford College in 1968. He received a scholarship to Oxford University, where he earned a Masters of Arts as a Keasbey Fellow; and he holds a law degree from Yale, where he was editor of the Yale Law Journal and chairman of Yale Legislative Services.
Ludwig lives in Washington, D.C. He is married to Dr. Carol Ludwig, and they have three children.
Ludwig joined the law firm of Covington and Burling in 1973 and became a partner in 1981. He specialized in intellectual property law, banking, and international trade. In 1987, the New York Times described him as a leader in the fight against gray-market goods, which are goods manufactured overseas and imported without the consent of the trademark holder. Ludwig called the practice "consumer deception."
In 1993, President Bill Clinton selected Ludwig to become the 27th Comptroller of the Currency. As Comptroller, Ludwig led the agency through a period of substantial change, both within the financial marketplace as well as in the supervisory and examination practices of the agency. He improved safety and soundness supervision through adoption of "supervision by risk", an approach that has been adopted by many other supervisory agencies. He also led the government's efforts to reform the Community Reinvestment Act and more vigorously enforce the fair lending laws.
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