Susan Axelrod, the former head of the Financial Industry Regulatory Authority's regulatory operations, has been named Chief Supervisory Officer for Merrill Lynch Wealth Management.
Axelrod, who's been serving as senior advisor to FINRA's CEO, Robert Cook, since January, will be charged in her new role at Merrill with advancing the firm's "supervisory risk culture by driving shared accountability for end-to-end supervision at all levels of leadership."
She will report to Andy Sieg, head of Merrill Lynch Wealth Management, and is replacing Michelle Carter, who previously held the role and as of early March has moved to a newly created role at U.S. Trust leading business planning, governance and controls.