Elisse Walter, who has spent the past four years as Securities and Exchange Commission Chairman Mary Schapiro’s 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, she’s likely to keep Schapiro’s priorities intact, securities lawyers and ex-agency officials said, citing her record of almost always voting alongside Schapiro on new rules and enforcement cases.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access