Promontory Financial Hires Top Official From U.S. Banking Agency

Promontory Financial Group LLC hired Mark Levonian, formally the top economist at the U.S. agency that regulates national banks, as the firm’s global head for enterprise economics and risk analysis.

In his new position, Levonian, who started work at the Washington-based consulting firm this week, will help banks with capital rules and stress testing -- the same topics he focused on while working for the Office of the Comptroller of the Currency. Promontory has counted big banks such as Bank of America Corp., Morgan Stanley and Wells Fargo & Co. among its clients.