(Bloomberg) -- Former U.S. Senator Judd Gregg is stepping down as the head of Wall Street’s biggest lobbying group, according to people briefed on the discussions.

Gregg, 66, was named chief executive officer of the Securities Industry and Financial Markets Association in May. He retired from the Senate in 2011. A New Hampshire Republican, he also served two terms as the state’s governor. The people briefed asked not to be identified because Gregg’s plans haven’t been announced.

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