The National Association of Securities Dealers says Mary Schapiro will succeed Robert Glauber as chairman of the self-regulatory organization when Glauber’s term ends in December.
Schapiro, who has been the vice chairman of NASD, Washington, since 2002 and joined the organization as president of regulatory oversight in 1996, will continue to be vice chairman and president of NASD’s regulatory policy and oversight division for the rest of the year, NASD says.
Glauber became chief executive of NASD in November 2000 and took over as chairman in September 2001.
Before Schapiro began working for NASD, she was chairman of the Commodity Futures Trading Commission. President Clinton appointed her to that post in 1994.
Before Schapiro was at the CFTC, she served for 6 years as a commissioner on the U.S. Securities and Exchange Commission. President Reagan appointed her in 1988, the first President Bush reappointed her in 1989, and Clinton named her acting SEC chairman in 1993.