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News September 17, 2012 Issue

Bowden, Elevated to OCIE’s # 2 Spot, Still Running Adviser/Investment Company Exam Program

Norm Champís appointment as the new director of the Division of Investment Management left a vacancy in the OCIE deputy director slot. OCIE director Carlo di Florio didnít have to look very far to fill it.

On September 12 the SEC announced that Andrew Bowden had been named as OCIEís new deputy director. Bowden was elevated from his post as head of the national adviser and investment company examination program in OCIE.

The announcement also said that Bowden will remain responsible for the adviser and investment company exam program until a successor is designated to fill the position.

Bowden, who joined the SEC in November 2011, is a seasoned industry veteran who came to the SEC from Legg Mason. His 17 year career at Legg Mason was spent in various legal and compliance capacities related to the companyís advisory and broker-dealer businesses. Bowden also has served on the Board of Governors and Executive Committee of the Investment Advisers Association.