FINRA announced a new president and CEO this week. (Photo of FINRA headquarters: Ron Pechtimaldjian)

The Financial Industry Regulatory Authority announced Monday that Robert Cook, former director of the Securities and Exchange Commission’s Division of Trading & Markets, has been named by FINRA’s Board as the self-regulator’s new president and CEO, replacing Richard Ketchum.

Cook’s new position will become effective in the second half of 2016, according to a FINRA spokersperson. He will join FINRA from Cleary Gottlieb Steen & Hamilton, where he has served as a partner in the firm’s Washington, DC, office since June 2013. While at Cleary Gottlieb, Cook has focused on the regulation of securities markets and market intermediaries, including broker-dealers, exchanges, alternative trading systems and clearing agencies.

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