Mary Schapiro, former Securities and Exchange Commission chair, has joined Bloomberg LP as vice chair of global public policy.
She'll also be a special advisor to Michael Bloomberg, who is expected to run for the Democratic presidential nomination.
In a high-profile move, Bloomberg this week re-registered his party affiliation as a Democrat. He's also spending $100M to support Democratic candidates in the midterm elections. "That's a hell of a lot of I.O.Us; a Democratic operative told the Financial Times on Oct. 11.
As counselor to the 78-year-old Bloomberg, Shapiro will provide advice on his Task Force on Climate-Related Financial Disclosures and Working Group on US RMB Trading and Clearing, which supports the internationalization of China's currency.