Ex-SEC Chief Out At Promontory

Feb 4 2014 | 10:08am ET

Former Securities and Exchange Commission chair Mary Schapiro has left Promontory Financial Group after just nine months.

Schapiro left her full-time post as head of its governance and markets practice on Friday to "devote more time to her outside activities," a spokesman for the consulting firm said. Schapiro told The New York Times that her speaking engagements and corporate board work would keep her busy.

Schapiro has not completely cut ties with Promontory, and has been named vice chairwoman of its advisory board.

"Promontory is a great firm but I've learned over the last nine months that there are lots of things I'm interested in doing and this move frees me up to do them," Schapiro said.

Schapiro stepped down as SEC chair at the end of 2012, after nearly four years at the helm.

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