About LISEP

Gene Ludwig

Gene Ludwig, LISEP’s chair, is an internationally recognized leader on matters relating to banking, including financial technology, regulation, risk management, and fiscal policy. He is the CEO of Promontory MortgagePath, a technology-based mortgage fulfillment and solutions company, and chairman of Promontory Financial Group, the world’s leading regulatory consulting firm, which he founded and sold to IBM. He was the founder and CEO of Promontory Interfinancial Network (now IntraFi), a technology leader in deposit services he sold to Blackstone. Gene is co-managing partner of Canapi Ventures, which is focused on investments in early to growth-stage fintech companies.

In 2019, Gene founded the Ludwig Institute for Shared Economic Prosperity (LISEP), which is dedicated to improving the economic well-being of middle- and lower-income Americans. Its research includes the creation of more meaningful economic indicators for both unemployment, earnings, and economic growth. LISEP’s statistics aim to provide policymakers and the public with a more realistic view into the economic situation of all Americans as compared with traditionally relied-upon metrics. Gene edited LISEP’s highly regarded first book, The Vanishing American Dream.

As U.S. Comptroller of the Currency from 1993 to 1998, Gene served as the Clinton administration’s point person on the policy response to the credit crunch of the early 1990s. He fashioned an 11-point plan that was instrumental in helping banks begin to lend again and fulfill their role of supporting the economy. Under his purview, lending to low- and moderate-income Americans increased tenfold, as did national bank investments in community development corporations. He brought 27 fair-lending cases, resulting in tens of millions of dollars in fines against violators. Before he was Comptroller, he was a partner at Covington & Burling. Gene graduated magna cum laude from Haverford College; he earned an M.A. from Oxford University and a J.D. from Yale Law School.

Stephanie Allen

As LISEP’s executive director, Stephanie oversees the institute’s day-to-day activities, including its research and regular reporting of proprietary economic indicators.

Before coming to LISEP, Stephanie led communications and marketing at Promontory Financial Group. She previously worked at Dezenhall Resources, a communications consulting firm. Before that, she was the speechwriter for Chairman Gary Gensler at the Commodity Futures Trading Commission. She also worked on Capitol Hill as communications director for both Sen. Kay Hagan (D-NC) and Sen. Mary Landrieu (D-LA).

Stephanie started her career as a reporter for Congressional Quarterly, primarily covering the House and Senate tax, banking, and finance committees. Stephanie has an M.A. in journalism from the University of Texas at Austin and a B.A. in history from Emory University.

Philip Cornell

Philip leads economic research for LISEP. He generates statistics that more meaningfully represent the economy, including on unemployment and earnings. He also works to apply these indices to research and to help formulate financial solutions for low- and moderate-income Americans.

As an undergraduate at Princeton University, he wrote a senior thesis about the links between financial regulation, corruption, and entrepreneurship. He graduated summa cum laude in economics with a minor in political economy and finance.

Diana Dayoub

Diana Dayoub is a researcher at LISEP where she performs data cleaning and analysis to produce metrics that portray the economic situation of low- and middle-income Americans.

Prior to joining LISEP, Diana interned at River City Capital (RCC) Investment Corp, a Community Development Financial Institution (CDFI) that issues loans to small businesses in an underserved part of Memphis, Tenn. She was also an intern at UNICEF where she helped provide basic cell phone users in developing countries access to critical COVID-19 prevention information.

Diana holds a B.A. in public policy from Princeton University’s School of Public and International Affairs with a minor in statistics and machine learning.

Kathleen Goldstein

Kathleen Goldstein is a special adviser at LISEP where she works to enhance the institute’s communications.

Previously, Kathleen worked in communications and marketing at Promontory Financial Group, managing marketing campaigns, global events, sponsorships, and internal communications.

She has worked for the International Swaps and Derivatives Association (ISDA) and Institutional Investor in similar roles. Kathleen holds a B.A. in French from the School of European Studies at the University of Sussex.

Courtney Stockland

Courtney Stockland is a managing director in Gene Ludwig’s office, where she serves as a senior adviser to LISEP, helping to support its critical mission with strategic guidance. She previously was a director in the office of the CEO at Promontory Financial Group.

Before Promontory, Courtney was the executive assistant to the managing director of McKinsey & Company’s Washington, D.C., office. She has worked as a research assistant in Boston University’s political science department as well as in communications for The Aspen Institute.

Courtney earned a B.A. in international relations and national security studies from Boston University.

Pamela Watson

Pamela Watson serves as the deputy chief administrative officer for LISEP. In this role, she plans and executes strategic initiatives to help LISEP’s mission gain traction. These initiatives include public-facing events, private events with leading economists and elected officials, as well as the distribution of proprietary thought leadership. She collaborates with the communications team to build and enhance LISEP’s public profile.

Prior to joining LISEP, Pamela was a corporate development principal for Promontory Financial Group. In this role she helped execute strategic programs to build Promontory’s brand awareness within the marketplace. She managed the governing body, the Management Committee. She often participated in initiatives to dynamically grow the business both domestically and internationally. Pamela executed special business development and internal projects for the Founder/CEO.

Pamela received a B.A. in international affairs and art history from The George Washington University and an MBA from Georgetown University.

Rebecca Yochum

Rebecca Yochum is a senior executive assistant and works closely with the team to provide core administrative support and assistance with special projects. She has worked with the LISEP team since its inception and is passionate about being part of this institute with such an important mission.

Rebecca is a graduate of the University of Kentucky with a major in marketing and communications.

True Rate of Unemployment by State

August 2020

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