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June 29, 2017 at 07:20 AM
The Financial Industry Regulatory Authority announced Thursday that William H. Heyman, vice chairman and chief investment officer of The Travelers Companies Inc., will become chairman of FINRA’s board, effective July 18.
Heyman succeeds former Vanguard CEO John J. “Jack” Brennan, who became chairman last year after serving as the board’s lead governor since 2011.
“Bill’s extensive experience as a regulator, as an institutional investor and in the industry make him an outstanding choice to chair an organization whose mission is to protect investors and ensure the integrity of financial markets,” said FINRA CEO Robert Cook, in a statement. “We look forward to working with Bill to advance that mission.”
Cook added that FINRA is “grateful to Jack for his exceptional contributions to FINRA. Jack has been a consistent champion for individual investors and for a vibrant industry, and has led the board with a steady hand during a period of significant change for securities firms and for the markets.”
Heyman earlier served as a member of the FINRA board from January 2004 through September 2016, chairing the Management Compensation Committee and, prior to that, the Nominating and Governance Committee. He also served on the Finance, Operations & Technology Committee, Investment Committee and Executive Committee.
