Washington DC
04 August 2017
Reporter: Jenna Lomax

Investment management director leaves SEC


The US Securities and Exchange Commission's (SEC's) director of the division of investment management, David Grim, will leave the agency next month after 22 years of service.

According to SEC, Grim leaves a legacy of regulatory policy reforms and legal guidance that shaped the division to what it is today.

Grim also helped the regulator to adopt a modernised, comprehensive data-reporting regime to improve access and quality of information for themselves, as well as their clients.

Grim, who joined SEC in 1995, began as a staff attorney in the division’s office of investment company regulation. In 2007, he became assistant chief counsel and went on to be appointed as deputy director in 2013. Two years later he was appointed director.

The SEC did not disclose Grim's next destination or if his replacement has been found.

Jay Clayton, chairman of the SEC, said: “America’s investors have been well-served by David Grim’s dedication, commitment and expertise.”

Grim commented: “I have been a proud member of the staff of the division of investment management for 22 years, and it has been a privilege to serve the investing public as the division’s director.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
BNY Mellon sees asset servicing fees growth
18 January 2018 | New York | Reporter: Zsuzsa Szabo
BNY Mellon’s asset servicing fees increased 6 percent year-over-year
AxiomSL hires new EMEA head
18 January 2018 | London | Reporter: Jenna Lomax
Ward will be responsible for developing strategic global relationships
MetLife selects HSBC for custody services
18 January 2018 | Hong Kong | Reporter: Becky Butcher
HSBC Securities Services has been selected as custodian for MetLife across three key markets in Asia
Societe Generale Securities Services and OFI Asset Management have executed the first transactions via the IZNES platform on the Paris market
BBH to provide fund services for DSBI
17 January 2018 | Hong Kong | Reporter: Jenna Lomax
Brown Brothers Harriman & Co will provide custody and fund administration services to Daiwa SB Investments’ (DSBI) first Hong-Kong domiciled fund, the Japan high dividend stocks fund
Standard Chartered hires Lisa Robins
17 January 2018 | Singapore | Reporter: Becky Butcher
Standard Chartered Bank has named Lisa Robins as the new global head of transaction banking, effective 19 February
Murex’s MX.3 goes live at Nationwide
17 January 2018 | London | Reporter: Jenna Lomax
Murex's MX.3 front-to-back risk platform has gone live for Nationwide Building Society's treasury business
More news