Mary Schapiro, former chairman of the SEC, has taken a position as managing director at Promontory Financial, a consulting group. She’ll lead the firm’s governance and markets practice.
Promontory is a strategy, risk-management, regulatory, and compliance consulting firm that serves clients worldwide, including many of the largest banks and other financial services companies.
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“Her profound understanding of the U.S. and global financial markets, decades of regulatory leadership, and deeply relevant perspective and insight will add to our already significant involvement in capital markets, hedge fund and private equity advisory and compliance services,” says Promontory founder and CEO Eugene A. Ludwig.
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“The risk environment for firms in today’s global markets is increasingly complex,” Schapiro adds. “While regulators are charged with policy making, the private sector – especially investors – has the largest stake.”
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Schapiro will work with clients to ensure the quality of corporate governance is commensurate with the demands of running modern public companies. She’ll also advise clients on risk management, drawing on insights and understanding gleaned from her deep regulatory experience as well as on her service on boards of directors of major American corporations.