Promontory’s Friend Rejoins OCC as Bank Regulator’s Counsel

Amy Friend, a former Senate Banking Committee lawyer who helped shape the Dodd-Frank Act, is rejoining the Office of the Comptroller of the Currency as the agency’s top counsel, the agency said today.

Friend, who joined Promontory Financial Group LLC in January 2011, will fill a vacancy at the OCC left by longtime chief counsel Julie Williams, who was hired by Promontory after leaving the national-bank regulator last year.

“I’m very pleased that Amy has agreed to rejoin the OCC in this new capacity,” Comptroller of the Currency Thomas J. Curry said in a statement. “She has been involved in financial services regulation and legislation for more than 20 years, and she has an unparalleled knowledge of the Dodd-Frank Act, which we are still in the process of implementing.”

Promontory, a Washington-based consulting firm that advises financial-services companies, is led by former Comptroller of the Currency Eugene Ludwig and includes many former regulators among its employees. “As a matter of policy, we don’t disclose client details,” said Debra Cope, a spokeswoman for the closely held firm.

Friend, who starts work at the OCC next month, was assistant chief counsel at the agency before she was hired by then-Senator Chris Dodd in 2008 to be the Senate Banking Committee’s top lawyer. She has also worked for other Democratic lawmakers, including Senator Chuck Schumer of New York.

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