Elisse Walter, who has spent the past four years as Securities and Exchange Commission Chairman Mary Schapiros closest confidant and behind-the-scenes adviser, will soon step into the spotlight that she has mostly shunned in trying to help her close friend succeed.
Designated to become SEC chief by President Barack Obama when Schapiro leaves in December, Walter is little known outside of Washington where she has spent most of her career as a regulator. For the short term, at least, shes likely to keep Schapiros priorities intact, securities lawyers and ex-agency officials said, citing her record of almost always voting alongside Schapiro on new rules and enforcement cases.
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