Now that you’ve seen what ACA Insight has to offer, don’t be without it. Subscribe now!

The weekly news source for investment management legal and compliance professionals

Current subscribers - please log in to the website in the upper right-hand corner

News January 26, 2015 Issue

Investment Management Director Champ Will Leave SEC

The SEC's Division of Investment Management has a job opening: Division director.

Norm Champ, the face of the Division since 2012, will leave the agency by the end of the month, the SEC announced January 21. He will become a visiting scholar at Harvard Law School in the spring term. Champ already lectures there in a course on investment management law.

No reason was given for Champís decision to leave, nor was a successor named.

"The Commission has benefitted greatly from Normís expertise and sound judgment and we have been very fortunate to have had him work on behalf of U.S. investors and our markets," said SEC chair Mary Jo White.

During his tenure as Investment Management Division director, Champ led a restructuring of the Division. He also "led efforts to better leverage data collected by the agency by recruiting industry experts and quantitative analysts to the SEC, including specialists in data analytics, risk management and trade analysis," the agency said.

Prior to joining the Division of Investment Management, Champ served as deputy director of the SECís Office of Compliance Inspections and Examinations.