NEW YORK, Oct. 11, 2018 /PRNewswire/ -- Today, Bloomberg L.P. announced that Mary Schapiro will become Bloomberg's Vice Chair for Global Public Policy and Special Advisor to the Founder and Chairman. Ms. Schapiro, who has had a distinguished career as a financial services regulator under four U.S. presidents from both political parties, will oversee Bloomberg's public policy and regulatory priorities globally.
"Regulation and global policy are arguably the two most dominant forces shaping the financial services industry today," said Peter T. Grauer, Chairman, Bloomberg L.P. "Governments, corporations and financial firms are facing critical policy challenges, ranging from new regulatory frameworks and evolving market infrastructure to financial disclosure and international cooperation. No one is more qualified than Mary Schapiro to help us navigate this landscape and marshal the best of Bloomberg to help global markets achieve their full potential."
Ms. Schapiro's service as the 29th SEC Chair culminated decades of regulatory leadership. She was the first woman to serve as SEC Chair, and the only person to have served as chair of both the SEC and the Commodity Futures Trading Commission. During her four years as SEC Chair, Ms. Schapiro presided over one of the busiest rulemaking agendas in the SEC's history, during which the agency also executed a comprehensive restructuring program to improve protections for investors and pursued aggressive enforcement of the federal securities laws.
Ms. Schapiro also serves as an advisor to Bloomberg in multiple capacities, including as the Vice Chair for two groups chaired by Michael R. Bloomberg. The first group - the Financial Stability Board's Task Force on Climate-Related Financial Disclosures - has developed and garnered wide spread support for a voluntary framework for corporate disclosure of climate-related risk information to help investors, lenders, underwriters and others make informed financial decisions. The second group - the Working Group on U.S. RMB Trading and Clearing - supports the internationalization of China's currency in order to improve the competitiveness and efficiency of U.S. businesses by lowering trading costs and improving access to China's markets.
Before becoming SEC Chair, Ms. Schapiro served as chief executive officer of the Financial Industry Regulatory Authority, the largest nongovernmental regulator of securities firms. Earlier, she was Chair of the CFTC from 1994 to 1996, a commissioner of the SEC from 1988 to 1994, and general counsel of the Futures Industry Association. Ms. Schapiro has most recently been serving on the Promontory Advisory Board.
Bloomberg L.P. also announced that Didem Nisanci, who works as a Managing Director at Promontory, will join Bloomberg as global head of public policy. Ms. Nisanci served for four years as the chief of staff of the U.S. Securities and Exchange Commission. In that role she advised the Chair on issues involving the SEC, including operational, policy, legislative, strategy, and communication matters. During her tenure as chief of staff, Ms. Nisanci also served as the SEC deputy to the Financial Stability Oversight Council. Prior to the SEC, she served as staff director for the U.S. Senate Committee on Banking, Housing and Urban Affairs Subcommittee on Securities, Insurance and Investment. She managed all aspects of the subcommittee, including the development and implementation of its legislative and oversight agenda during the financial crisis. Prior to the U.S. Senate Banking Committee she served as Deputy to the Assistant Secretary at the U.S. Department of the Treasury.
Both positions are effective October 15.
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SOURCE Bloomberg L.P.