Schapiro Hire Shows Promontory as Ex-Regulators’ Go-To Firm
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Mary Schapiro’s decision to join Promontory Financial Group LLC after running the U.S. Securities and Exchange Commission amplifies the firm’s competitive advantage as an employer of former regulators.
Schapiro, 57, joined Promontory yesterday as a managing director advising clients on risk management and corporate governance, Washington-based Promontory said in a statement. Promontory has carved out a niche in the U.S. capital, hiring heavy-hitting former regulators to advise banks and other clients prepare for scrutiny by the agencies they left.