AmEx names former SEC chairman to board By Reuters

European stocks lower; U.S. debt agreement needs to get through Congress

AmEx names former SEC chairman to board

Published Oct 06, 2022 10:10AM ET Updated Oct 06, 2022 10:22AM ET

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(Reuters) - American Express Co (NYSE:AXP) said on Thursday Jay Clayton, former chairman of the U.S. Securities and Exchange Commission, has been elected to its board of directors, effective Oct. 5.

Clayton spent over 20 years as a partner at Sullivan & Cromwell LLP before he became the 32nd chairman of the SEC in 2017. He currently serves as a senior policy adviser and counsel at the New York-based law firm.

He also serves as non-executive chairman of Apollo Global Management (NYSE:APO) Inc's board and a member of the Federal Deposit Insurance Corp's Systemic Resolution Advisory Committee.

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