FINRA bags new chief legal officer
11 May 2012 Washington, DC
Image: Shutterstock
US independent regulator the Financial Industry Regulatory Authority (FINRA) has hired Robert Colby as its chief legal officer.
He will join FINRA on 18 June from Davis Polk & Wardwell LLP, where he is a partner in its Washington, DC, office.
Colby will oversee the corporate and regulatory functions of his new office, as well as the regulatory policy group, which is responsible for implementing FINRA's Corporate Financing and Advertising rules.
His current practice encompasses complex regulatory and compliance matters involving securities and derivatives for broker-dealers, financial institutions and markets, and clearing organisations.
Before joining Davis Polk, Colby spent 28 years at the US Securities and Exchange Commission (SEC). During his time at the SEC, he served as the deputy director of the division of trading and markets, chief counsel of trading and markets and chief of the division's branch of market structure.
“Colby is a perfect match for this key position and an excellent addition to our management team," said Richard Ketchum, chairman and CEO of FINRA. “[His] unparalleled expertise in both regulatory and corporate law makes him uniquely suited to be FINRA's first chief legal officer.”
FINRA's general counsel, Grant Callery, who joined FINRA in 1979, will retire on October 1. Marc Menchel, general counsel for regulation, is leaving FINRA on June 1 to move into private practice.
He will join FINRA on 18 June from Davis Polk & Wardwell LLP, where he is a partner in its Washington, DC, office.
Colby will oversee the corporate and regulatory functions of his new office, as well as the regulatory policy group, which is responsible for implementing FINRA's Corporate Financing and Advertising rules.
His current practice encompasses complex regulatory and compliance matters involving securities and derivatives for broker-dealers, financial institutions and markets, and clearing organisations.
Before joining Davis Polk, Colby spent 28 years at the US Securities and Exchange Commission (SEC). During his time at the SEC, he served as the deputy director of the division of trading and markets, chief counsel of trading and markets and chief of the division's branch of market structure.
“Colby is a perfect match for this key position and an excellent addition to our management team," said Richard Ketchum, chairman and CEO of FINRA. “[His] unparalleled expertise in both regulatory and corporate law makes him uniquely suited to be FINRA's first chief legal officer.”
FINRA's general counsel, Grant Callery, who joined FINRA in 1979, will retire on October 1. Marc Menchel, general counsel for regulation, is leaving FINRA on June 1 to move into private practice.
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