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Tuesday, November 12, 2013

Who is Mary Jo White? The New Yorker Digs Deep

News summary by MFWire's editors

Fundsters who want to better get to know the mutual fund industry's top regulator may want to crack open a copy of the New Yorker. Included in the package as well is a glimpse at the last person to hold the post.

In the November 11 issue of the magazine, Nicholas Lemann profiles Mary Jo White, chair of the Securities and Exchange Commission who took over earlier this year. The article digs into White's personal life (she's an avid runner and has her own statistics page on the New York Road Runners Club's website) and her professional history, from her initial dream to become a psychologist to her work at Debevoise & Plimpton and in the office of the U.S. Attorney for the Southern District of New York.

The in-depth profile also includes a section on White's predecessor, Mary Schapiro, who stepped down from the SEC last year. The New Yorker describes the money market mutual fund regulatory debate as "Schapiro's final grand battle."

"It probably needed to be left to someone else to continue to advance the money-market-fund debate," Schapiro told the magazine. 

Edited by: Neil Anderson, Managing Editor

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