Eileen Murray speaks at a Milken Institute event in California in April 2019 (Photo: Bloomberg)
The Financial Industry Regulatory Authority's board of governors has unanimously elected Eileen Murray, the former co-CEO of Bridgewater Associates, as its next chairperson.
Murray, who has been on FINRA's board since 2016, will take the reigns at the regulatory group's yearly meeting in August from William Heyman. Heyman, vice chairman of the Travelers Companies, is ending his three-year term on the board this summer.
"Eileen Murray's extensive senior leadership, operational, technology and regulatory experience make her an ideal choice to chair our organization and help us continue to achieve our vital mission," according to FINRA CEO Robert W. Cook.
Maureen Jensen, former chair and CEO of the Ontario Securities Commission, and Eric Noll, CEO of Context Capital Partners, also have been appointed to FINRA's board, the self-regulatory group said Tuesday.
Murray is the third woman to chair FINRA or its predecessor group, the National Association of Securities Dealers. Mary Alice Brophy was chair of NASD for the first quarter of 1996.
A decade later, Mary Schapiro chaired the NASD board through its consolidation with the New York Stock Exchange's member regulation, enforcement and arbitration operations from September 2006 to January 2009. (FINRA was officially formed on July 30, 2007.)
