The Securities and Exchange Commission on Monday named Andrew J Bowden as the new deputy director of its Office of Compliance and Examinations. In his new role he will be working closely with OCIE Director Carlo Director on OCIE's strategy, governance structure, risk based exam process, and technology. Bowden who a joined OCIE in November 2011 as the head of its investment adviser and investment company examination program. He previously worked as a lawyer specializing in broker-dealer compliance and regulatory issues. He served 17 years at Legg Mason, and in leadership roles in the Investment Advisers Association. In an interview with Thomson Reuters in August, Bowden said exams of the 1400 hedge funds and private fund advisers who have just registered with the SEC would be a big priority for OCIE in the coming months. He said OCIE was using quantitative techniques to gather information on the form filings of the registrants and using that information to inform its examinations
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