The risk-management, regulatory and compliance consulting firm says that Schapiro will serve as a managing director and chairman of its governance and markets practice.
"In my case, there's no revolving door…I won't ever be going back to government," Schapiro said in an interview with the Wall Street Journal. She decided that after spending "28 of the last 32 years as a regulator," now was the "right time…to do something different."
Schapiro was named SEC chairman in the midst of the worst financial crisis since the Great Depression. She took over after the agency failed to detect the Bernard Madoff pyramid scheme. Schapiro stepped down late last year.
Promontory says that Schapiro will work with clients on corporate governance risk management issues. She will be based at Promontory's Washington office.
Original Article
Source: huffingtonpost.com
Author: AP/HuffPost
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