Elizabeth McCaul is a member of the Supervisory Board of the European Central Bank. McCaul previously served as Superintendent of Banks for the State of New York, the head of the New York State Banking Department and held several senior executive positions at Promontory Financial Group, an IBM company. She founded the New York office of the strategy, risk management, and compliance consulting firm, and most recently served as global head of strategy for Promontory and interim chair of Promontory Financial Group Europe.