New SIPC Board Member Nominated by President Obama

WASHINGTON, DC - June 10, 2016 – Bonnie A. Barsamian has been nominated by President Barack Obama to serve on the Board of the Securities Investor Protection Corporation (SIPC), which maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms.

Ms. Barsamian, a partner in the New York Office of the law firm Baker Botts L.L.P., has been recognized as one of the top capital markets lawyers in the United States. Her nomination must be confirmed by the U.S. Senate.

SIPC President Stephen Harbeck said: "We are pleased to be joined in our work by such an exceptional new Board member. Ms. Barsamian’s deep financial experience will be a great asset to the SIPC Board and to the investing public. We look forward to a speedy confirmation by the Senate."

Ms. Barsamian is a seasoned advisor and law firm partner with over 25 years of corporate transactional, advisory and regulatory experience. She advises public and private companies, financial institutions, sponsors, executive leadership, and boards of directors in the full range of equity and debt capital markets/securities offerings and other financing transactions, as well as acquisition/divestiture, recapitalization, and change-of-control transactions. She is a veteran advisor on Federal securities laws, and also advises boards of directors and board committees on a range of routine and extraordinary corporate governance matters. She has served as past chair of a law firm’s global corporate finance practice group and serves on non-profit boards of directors. She received a B.A. degree in Economics and English from Amherst College, and a J.D. degree from The University of Chicago Law School where she was a member of The University of Chicago Law Review.