Mary L. Schapiro

Mary L. Schapiro serves as Advisory Board Vice Chair of Promontory Financial Group, an IBM Company. She also sits on the Board of Directors at General Electric and the Board of Trustees at Franklin & Marshall College.

Appointed by President Obama in 2009, Ms. Schapiro was the 29th Chairman of the U.S. Securities and Exchange Commission (SEC) and was the first woman to serve as the agency’s permanent chairman. Previously Ms. Schapiro served as CEO of the Financial Industry Regulatory Authority (FINRA), the largest nongovernmental regulator of securities firms. She worked for more than a decade with FINRA and its largest predecessor, the National Association of Securities Dealers (NASD). She was president of NASD regulation, vice chairman of the NASD, and was NASD’s chairman and CEO at the time of its consolidation into FINRA.

Ms. Schapiro previously served as a Commissioner of the SEC from December 1988 to October 1994. She was appointed by President Ronald Reagan, reappointed by President George H.W. Bush in 1989, and named Acting Chairman by President Bill Clinton in 1993. She left the SEC when President Clinton appointed her as Chairman of the Commodity Futures Trading Commission (CFTC), where she served until 1996. She is the first person to have served as Chairman of both the SEC and CFTC.

Ms. Schapiro holds a BA from Franklin & Marshall College and received a JD from George Washington University.

 

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