Mr. Zarb has been a key adviser on major engagements in the United States and Canada. He also provides strategic advice to Promontory on its global operations. Mr. Zarb was the non-executive chair of American International Group Inc. (AIG) from 2005 to 2006 and currently serves as a director of Kraft Foods Inc. From 1997 to 2001, he was Chairman and Chief Executive Officer of the National Association of Securities Dealers (NASD) and the NASDAQ Stock Market Inc. From 1988 to 1993, he was Vice Chairman and Group Chief Executive of The Travelers Inc., and Chairman and CEO of Smith Barney, a Travelers subsidiary. He was a General Partner of Lazard Freres & Co. LLC from 1978 to 1988. Mr. Zarb served from 1971 to 1977 as Executive Director of the cabinet-level Energy Resources Council, Administrator of the Federal Energy Administration, and Assistant to the President of the United States for Energy Affairs (the "Energy Czar"). He led the nation's energy response to the first major oil embargo in 1973 to 1974. Mr. Zarb also served in the Nixon-Ford Administration as Associate Director of the Office of Management and Budget and Assistant Secretary of Labor.

His alma mater, Hofstra University, has named its business school the Frank G. Zarb School of Business in his honor.

Dr. Blinder specializes in bank regulatory issues and economic analysis. He was Vice Chairman of the Board of Governors of the Federal Reserve System from 1994 to 1996, where he represented the Fed at various international meetings, and was a member of the Board's Committees on Bank Supervision and Regulation, Consumer and Community Affairs, and Derivative Instruments. Dr. Blinder served on the President's Council of Economic Advisers from 1993 to 1994, and as a Governor of The American Stock Exchange. He still serves as Vice Chairman of the G-7 Group.

Dr. Blinder’s leadership in the field of business education spans three decades. He began teaching at Princeton University in 1971 and is presently the Gordon S. Rentschler Memorial Professor of Economics at Princeton and Director of the Center for Economic Policy Studies.

Mr. Hennes is a Senior Adviser to Promontory Financial Group. From 1999 until 2001, he was the Chief Executive Officer of Soros Fund Management. Mr. Hennes’ responsibilities at Soros included management of the firm’s investing and operational infrastructure, expansion of the firm’s business platform, management of specific trading areas, including arbitrage activities, and selection of third party managers. Prior to joining Soros, he worked for 12 years at Bankers Trust Corp., where he was Executive Vice President in charge of Sales, Trading and Derivatives; Treasurer of Bankers Trust Corp.; a member of the firm’s Management Committee, Asset Liability Committee and Capital Commitment Committee; and a member of the Board of Directors of BT Alex Brown Inc. Mr. Hennes represented Bankers Trust on, and was elected Chairman of, the Board for the Oversight Partners, the consortium that took over control of Long Term Capital Management.

Mr. Hennes received an M.B.A., with distinction from the Wharton School of the University of Pennsylvania and a B.S., summa cum laude, from the Wharton undergraduate division of the University of Pennsylvania.

Mr. Levitt was the longest serving Chairman of the Securities and Exchange Commission (1993 to 2001), where he created the Office of Investor Education and Assistance. At the SEC, he also was credited with improving the quality of the financial reporting process, strengthening the oversight role of corporate audit committees, creating a regulatory framework that embraced new technology, and promoting competition through order handling rules. Mr. Levitt spent four years as Chairman of the New York City Economic Development Corporation, and 11 years as Chairman of the American Stock Exchange. Before joining Amex, he worked for 16 years on Wall Street. He graduated Phi Beta Kappa from Williams College and then served for two years in the United States Air Force.
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Senator Warren B. Rudman has served two terms in the U.S. Senate as a Republican representing New Hampshire. During his 12 years in the Senate, he 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 landmark Gramm-Rudman-Hollings Deficit Reduction Act of 1985. In January 2001, President Clinton awarded him the Presidential Citizens Medal, recognizing his years of devoted public service.

Since leaving the Senate in 1993, he has been retained by major international corporations to conduct internal investigations and provide independent assessments of business practices and governance structure. From 1994 to 1995, he chaired a select committee that brought about an overhaul of the National Association of Securities Dealers’ oversight of the NASDAQ Stock Market. From 2004 to 2006, he served as Independent Counsel to Fannie Mae, where he conducted an investigation on behalf of the board of directors that uncovered inadequacies in the company’s accounting practices, internal controls, corporate governance, and structure prior to 2005.

Senator Rudman has also maintained a strong focus on national security and the terrorism threat. Together with former Senator Gary Hart, Senator Rudman co-chaired the U.S. Commission on National Security, chartered in 1998 by the Defense Department with support from the White House and Congress to undertake the most comprehensive review of national security requirements in 50 years. The Hart-Rudman Report issued in January 2001—eight months before terrorists flew jetliners in the World Trade Center and the Pentagon, killing thousands—accurately warned that such threats were imminent and offered steps that, if heeded, could have mitigated or even prevented the tragedy.
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Mr. Wren specializes in management of risk measurement. He has over 18 years experience in assisting financial institutions to refine their liquidity and capital plans, manage investment portfolios, and assess interest rate risk, as well as the tools and approaches they use to measure and monitor risk.

Mr. Wren is the former Treasurer of MBNA Corporation and the MBNA America Bank, NA lead bank subsidiary. There he was responsible for the daily management of global money market and fixed income security investments and the wholesale market funding program for the $150billion total managed-asset credit card bank. Previously he was the Chief Investment and Funding Officer at Shawmut National Bank, where he introduced new Treasury and ALCO related management policies, procedures, and actual practices.

Prior to his industry experience, Mr. Wren was with the Office of the Comptroller of the Currency (OCC) in various field and office bank supervisory related positions. The last 10 years with the OCC were spent in the Large Bank Supervision unit focusing primarily on liquidity, market, interest rate, foreign currency, and trading risks. He served two separate assignments in the OCC's London Office, which included a 4 year term as the Manager of that office.

Mr. Wren holds a B.A. in Economics from Rutgers University.

Ms. Bell assesses large banks’ enterprise risk management systems, advises on corporate governance/risk culture, and assists banks in managing and implementing regulatory directives. Before joining Promontory, Ms. Bell worked for 20 years at the Office of the Comptroller of the Currency where she served as Senior Deputy Comptroller for International Affairs from 1997 to 1999, and Senior Deputy Comptroller for Bank Supervision Policy from 1990 to 1997. During that time, she was also a member of the OCC Executive Committee, and represented the OCC in its coordinating functions with domestic and foreign law regulators.

Ms. Bell was on the Basel Supervisors' Committee from 1990 to 1999, where she served as Chair of the first Basel Transparency Group. She also was Chair of the Federal Financial Institutions Examination Council (FFIEC) Supervision Task Force.

Ms. Bell received a Ph.D. in Economics from the University of Southern California and a B.A in Mathematics from the University of California at Los Angeles.

Ms. Catalano has over three decades of financial institution regulatory risk management experience. Her areas of specialty are consumer compliance strategy and regulatory relations.
Ms. Catalano served in executive or senior compliance roles at two of the nation’s largest lenders, where she was responsible for oversight of the enterprise-wide compliance testing function, the credit card compliance program, and developing compliance strategy and reporting for the home equity business unit. She also consulted for 12 years focusing on assisting banks in responding to and preventing enforcement or other regulatory actions, primarily those involving fair lending and other lending regulations. Ms. Catalano held various positions with federal bank regulatory agencies, including the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Office of Thrift Supervision. A portion of her agency work related to proposing and drafting enforcement actions as well as overseeing the management and resolution of severely troubled savings and loan associations.
Ms. Catalano earned an M.B.A. from Virginia Tech in 1985 and a B.S. in Finance from the University of Illinois in 1973.

Mr. Hartheimer has managed comprehensive reviews, enterprise wide risk management and compliance programs. He has also assisted clients in complex regulatory matters and has been an expert witness on regulatory matters. Mr. Hartheimer has worked on matters for over 30 financial institutions, which have involved every national banking regulator and many state regulators.

Mr. Hartheimer served as Director of the Division of Resolutions at the Federal Deposit Insurance Corporation (FDIC) from 1991 to 1995, where he built a 350-person division to resolve failing banks and oversaw the sale of more than 200 banks with approximately $50 billion in assets.

Mr. Hartheimer earned an M.B.A from the Wharton School of the University of Pennsylvania in 1982, and an A.B. from Hamilton College in 1979.

Mr. Hendry has more than 30 years in banking and headed HBOS plc’s operations in the United States before it was acquired in 2009 by Lloyds Banking Group. He launched W.P. Hendry and Associates in February 2009, a bank consulting firm that handles complex business and lending issues.
Mr. Hendry has held senior banking positions in Scotland, Northern Ireland, Canada, the Middle East, Africa and the United States. Under his leadership, profits at the Bank of Scotland USA tripled following its 2001 merger with Halifax. Mr. Hendry is experienced in mergers and acquisitions. He oversaw HBOS’s investment analysis group in 2000 and was named chairman.
Mr. Hendry holds an MBA from the University of Strathclyde and completed advanced management programs at Wharton Business School and Harvard Business School. He is a Fellow of the Institute of Bankers in Scotland and a Fellow of the Institute of Canadian Bankers.

Mr. Hove brings an exceptional blend of public and private sector experience to his position at Promontory. He served as Vice Chairman on the FDIC board from 1990 to 2001, and stepped into the role of Acting Chairman on three occasions spending more than three years as head of the agency.

Before his appointment to the FDIC board, Mr. Hove was an executive for 30 years at Minden Exchange Bank & Trust Co., a community bank in Minden, Nebraska, where he rose through the ranks to become Chairman and CEO.

Mr. Hove is a director of Great Western Bank, Sioux Falls, South Dakota, and a director of the Federal Home Loan Bank of Topeka. Mr. Hove earned a B.S. from the University of Nebraska-Lincoln and graduated from the Graduate School of Banking, University of Wisconsin-Madison.

Mr. Schmidt joined Promontory after a distinguished 33 year career in bank supervision with the Federal Deposit Insurance Corporation. From 2002 through 2009, he was the Regional Director of the FDIC’s Atlanta Region, overseeing bank supervision matters in seven states.

Mr. Schmidt joined the FDIC in 1976 as a bank examiner trainee. After rising to the level of Assistant Regional Director in Kansas City, Mr. Schmidt joined the FDIC’s Washington Office. In 1997, he was named Associate Director (Operations) where he was responsible for examination activities, applications and problem bank matters. In 1998, he became Associate Director (Policy), overseeing bank supervision policy development and implementation. He was named Regional Director of the Atlanta Region in 2002.

During his career at the FDIC, Mr. Schmidt served as a consultant for the International Monetary Fund, advising bank supervisors in Russia and other former Soviet Union countries. He also participated in the 1996 LEGIS Fellows Program, working for the Banking and Financial Services Committee of the U.S. House of Representatives. From 1997 through 2009, he represented the FDIC in various Basel Committee matters, most recently focusing on operational risk.

Mr. Schmidt received a Bachelor’s of Science in accounting from Iowa State University, and earned an MBA from the University of Missouri-Kansas City. He is also a graduate of the Graduate School of Banking at the University of Wisconsin, and is a member of the faculty at the ABA Stonier Graduate School of Banking.