Mary Schapiro, the first woman to serve as chair of the U.S. Securities and Exchange Commission, will join investment bank Morgan Stanley’s board of directors in July.

The 63-year-old, who led the SEC from 2009 to 2012, a period when government regulators were grappling with a global financial crisis that had required billions of dollars in bailouts to shore up the financial system, is now vice chair of the Promontory Financial Group’s advisory board. She also serves on the boards of CVS Health and the London Stock Exchange Group.