FINRA announced that Derrick Roman, former partner of PricewaterhouseCoopers LLP (PwC), and Gus Sauter, current member of FINRA’s Investment Committee, have been appointed as public governors on its Board of Governors. In addition, Naureen Hassan, President of UBS Americas and CEO of UBS Holdings, has been appointed as an industry governor to the Floor Member Governor seat. Together, these individuals bring extensive audit, risk management, regulatory policy and investing experience to the Board.
“I am delighted to welcome Derrick, Gus and Naureen as the Board’s newest governors,” said FINRA Board Chair Eric Noll. “Their combined expertise complements their commitment to advance FINRA’s mission to protect investors and promote the integrity of the markets.”
“Effective self-regulation makes our capital markets stronger, and our Board plays a critical role in ensuring appropriate governance as we pursue FINRA’s mission,” said FINRA CEO Robert Cook. “I look forward to working with the Board’s newest members as we consider the challenges and opportunities of the regulatory landscape ahead.”
Public Governors
Roman, a Certified Public Accountant, is a former partner at PwC, with over 30 years of experience delivering external audit, advisory and risk assurance services to multi-national public, privately held and non-profit organizations.
Roman is a Trustee of the National Constitution Center where he serves on the Audit and Finance Committee and the Executive Committee. His other board affiliations include CommScope Holdings; WEX, Inc. and NABA Inc. (the National Association of Black Accountants). He has been recognized by Money Magazine as a champion for financial education for young people and is one of Savoy Magazine’s “2021 Most Influential Black Corporate Directors.”
He received his bachelor’s degree from Babson College and completed his executive education at the Stanford University Graduate School of Business Director’s Consortium, as well as Harvard Business School’s Program on Negotiation and Strategic Decision-Making.
Sauter is a current member of FINRA’s Investment Committee and had previously served as the first Global Chief Investment Officer at Vanguard, where he worked for 25 years until his retirement in 2012. He has worked on industry issues with entities including the Securities and Exchange Commission and the Federal Reserve.
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