Mary Schapiro Elected to Morgan Stanley Board of Directors
June 26 2018 - 4:30PM
Business Wire
Morgan Stanley (NYSE: MS) today announced that Mary Schapiro has
been elected to the Company’s Board of Directors, effective July 1,
2018.
Ms. Schapiro, 63, is Vice Chair of Promontory Advisory Board,
part of Promontory Financial Group. Prior to this, she served as
the first Chairwoman of the U.S. Securities and Exchange
Commission.
James Gorman, Chairman and CEO of Morgan Stanley, said, “I am
delighted to welcome Ms. Schapiro to our Board. Her leadership
experience at the SEC, FINRA and CFTC brings strong finance, risk
management and regulatory expertise to the Firm. The Board, our
management and our shareholders will benefit greatly from her
extensive experience in government and public policy.”
Ray Wilkins, Chair of the Board’s Nominating and Governance
Committee, said, “We extend a warm welcome to Ms. Schapiro as she
joins our Board. We will all benefit from her deep knowledge of the
financial markets and regulatory environment.”
Morgan Stanley is a leading global financial services firm
providing investment banking, securities, wealth management and
investment management services. With offices in more than 41
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
information about Morgan Stanley, please visit
www.morganstanley.com.
Note to Editors:
Mary Schapiro
Mary Schapiro is Vice Chair of Promontory Advisory Board, part
of Promontory Financial Group, since 2014, a leading strategy, risk
management and regulatory compliance firm that was acquired by IBM
Corporation in November 2016. She previously served as managing
director of Promontory Financial Group from March 2013 through
January 2014. Since 2014 she has also served as Vice Chair of the
Sustainability Accounting Standards Board.
Ms. Schapiro served as the Chair of the U.S. Securities and
Exchange Commission (SEC), from January 2009 through December 2012,
becoming the first woman to serve as that agency’s Chair. Before
that she was the Chair and CEO of the Financial Industry Regulatory
Authority (FINRA) from 2006 through 2008, and prior to that held a
number of key executive positions at FINRA and its predecessor from
1996 through 2006, including Vice Chair and President of NASD
Regulation. Ms. Schapiro was the Chair of the Commodity Futures
Trading Commission (CFTC) from 1994 to 1996, and was the first
person to serve as Chair of both the SEC and the CFTC.
She currently serves on the Boards of CVS Health Corporation and
The London Stock Exchange Group. She also serves on the Advisory
Board of the Morgan Stanley Institute for Sustainable Investing.
Ms. Schapiro holds a J.D. from the George Washington University Law
School, and B.A. in Anthropology from Franklin and Marshall
College.
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Morgan StanleyMedia Relations:Michele Davis,
212-761-9621orInvestor Relations:Sharon Yeshaya, 212-761-1632
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