Obama to designate SEC member Walter as chair once Schapiro leaves

WASHINGTON Mon Nov 26, 2012 11:48am EST

WASHINGTON Nov 26 (Reuters) - The White House said on Monday that President Barack Obama would designate Securities and Exchange Commission member Elisse Walter to serve as chairman when the current head of the agency, Mary Schapiro, departs next month.

Walter would be serving as chairman-designate on a temporary basis. A White House official said Obama planned to nominate someone in the near future to serve a full term as chairman.