This week in new hires, FINRA members held a board election to add new members, and made reappointments to fill out the 22-member body.
Also, Fidelity Investments promoted Derek L. Young, and CNL Financial Group welcomed Sharon Yester and Kevin Maddron to its executive team.
FINRA Holds Board Election, Reappoints Members
The Financial Industry Regulatory Authority (FINRA) announced the results of members’ Aug. 3 vote. At the 2011 annual meeting, member firms elected one small-firm governor and one large-firm governor to its 22-member board; the new governors begin their terms immediately. Governors are appointed or elected to three-year terms and may not serve more than two consecutive terms.
Elected as small-firm governor was Ken Norensberg, COO of Tritaurian Capital Inc. Norensberg was elected in August of 2010 as a small-firm governor, and has served in that role for the past year.
Sallie L. Krawcheck (left), president of Global Wealth & Investment Management, Bank of America, was elected as large-firm governor. On the board, she replaces Richard F. Brueckner, who had served as a large-firm governor on the board since its inception in 2007.
Also, Jack Brennan, chairman emeritus of The Vanguard Group, Inc., was elected by the board in July to serve a one-year term as lead governor, replacing departing lead governor Brueckner. Five individuals were also recently reappointed to the board, including four public members: John F. X. Dolan, Knight Capital Americas, L.P., was reappointed floor member representative, and Charles A. Bowsher, former U.S. comptroller general; James E. Burton of California Strategies, LLC; Harvey J. Goldschmid of Columbia University Law School; and Kurt P. Stocker of Northwestern University were named public governors.
Fidelity Promotes Young