WASHINGTON — Mary Jo White, President Obama’s nominee to lead the Securities and Exchange Commission, has represented an A-list of banks and corporations that could raise conflict-of-interest questions during her confirmation hearing.
White’s financial disclosure form was made public Friday and includes a list of clients from her years as a corporate litigator. Among them are several Fortune 100 companies, Switzerland’s largest bank and the world’s biggest automaker, Toyota.
White says she will remove herself from any decision affecting a former client for one year after she represented them.
The Senate must confirm White before she can take office. While her former clients could draw attention, many of her predecessors also took office with clients that posed conflicts of interest.
White, a former US attorney in Manhattan, would become the first ex-prosecutor to head the SEC in its 79-year history.
Her disclosure form shows assets of between $6 million and $27 million spread between a number of investment and retirement funds. Some of them are jointly held with her husband, John White, who also is a corporate lawyer.
White also said in a separate letter to the SEC’s ethics officer that she would step aside from all decisions before the SEC brought by her husband’s firm, Cravath, Swaine & Moore. In addition, her husband will sell his shares in several investment funds.