Mary Schapiro was scheduled to become chairman and CEO of the NASD as of August 31, 2006 following current CEO Robert Glauber's earlier-than-scheduled departure from the regulator. Glauber is leaving to rejoin Harvard as a visiting professor at Harvard Law School, according to a July 26 announcement from NASD. Schapiro, 51, has been vice chairman and president of NASD's regulatory policy and oversight division. Glauber joined NASD in 2000 from Harvard's Kennedy School of Government; he became chairman in 2001.
President Bush has nominated former SEC Commissioner Cynthia Glassman as Under Secretary for Economic Affairs, Economics, and Statistics Administration in the Department of Commerce.
Dick Bellmer, managing partner of Deerfield Financial Advisors in Indianapolis, has become chairman of the National Assocation of Personal Financial Advisors (NAPFA), succeeding Peggy Cabaniss as per NAPFA tradition, in August. Bellmer was chair-elect of the fee-only group; he had previously been given NAPFA's highest honor, the Distinguished Service Award, for his years of service to the group.
MassMutual has named executive VP Elaine Sarsynski as head of MassMutual International, a group of MassMutual subsidiaries that offer life insurance, health and accident insurance, annuity and pension products, and asset management products through a network of nearly 15,000 full- and part-time representatives in Hong Kong, Taiwan, Japan, Luxembourg and Chile.
RBC Capital Markets has named Marc Harris as director of U.S. equity research. Harris joined RBC in 2004 and was most recently deputy director of U.S. research. He formerly worked for Bear, Stearns and J.P. Morgan.