Richard Ketchum has been named as the new CEO of the U.S. securities industry self-regulatory organization, the Financial Industry Regulatory Authority, replacing Mary Schapiro who left to lead the U.S. Securities and Exchange Commission.

Ketchum currently serves as CEO of New York Stock Exchange Regulation and as chairman of FINRA’s board of governors, a position he has had since FINRA was created in 2007 through the consolidation of NASD and the member regulation, enforcement and arbitration operations of NYSE Regulation. As CEO, he will continue in his role as FINRA’s chairman.

He will take over as FINRA’s CEO on March 16, replacing Schapiro, who resigned her position as CEO on Jan. 23 after her confirmation as chairwoman of the SEC. FINRA also announced that Steve Luparello, currently serving as interim CEO, will become vice chairman and continue to oversee FINRA’s regulatory operations.

“Protecting investors is FINRA’s singular mission. As head of FINRA, I will leverage our staff and expertise in the fight against fraud and manipulation in the marketplace,” Ketchum said. “FINRA’s enforcement and examination divisions will have the tools and support required to track down and punish any broker, or any firm, who harms investors. We will not rest until investors once again feel confident placing their money in a marketplace they can trust.”