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Aspe resigning from McGraw Hill Financial board

NEW YORK (AP) -- McGraw Hill Financial said Pedro Aspe is resigning from its board, citing his responsibilities as co-chairman of Evercore Partners Inc.

Evercore helped McGraw Hill Financial with the separation of its education business earlier this year.

McGraw Hill Financial said in a regulatory filing on Wednesday that Aspe notified them of his decision to resign on Monday. The resignation is effective on Oct. 31.

McGraw Hill Financial Inc. said that Aspe's decision was not due to any disagreement or dispute with the company or its management.

McGraw Hill Financial, based in New York, is the parent company of Standard & Poor's. The company sold McGraw-Hill Education to funds affiliated with Apollo Global Management LLC for $2.4 billion cash in March.

Shares of McGraw Hill closed Tuesday at $64.49, up about 18 percent since the start of the year.