Washington, DC
30 January 2017
Reporter: Stephanie Palmer

Spate of resignations continues at the SEC


Jeffery Heslop, COO of the US Securities and Exchange Commission (SEC) is to leave the agency in February.

Heslop joined the SEC in 2010 as its first ever COO. He is credited with leading innovation in business processes, internal controls and technology infrastructure, ultimately reducing costs within the SEC, and improving efficiency and cooperation between divisions.

Before joining the SEC, he spent 12 years at Capital One, most recently in the role of managing vice president of information risk management.

Kenneth Johnson, current CFO of the SEC will become acting COO until a permanent replacement is found.

Michael Piwowar, acting chair of the SEC, said: “As the SEC’s first COO, Jeffery Heslop helped the agency streamline operations and leverage resources to more effectively serve the investors and markets.”

Heslop said: “It has been a true honour to serve with the extraordinarily dedicated and self-sacrificing professionals who comprise the agency’s staff.”

He added: “In particular, I would like to extend my deepest appreciation to the staff members from the offices under the office of the COO, who, through their collaborative effort, have played an instrumental role in an effort to modernise the agency’s human capital, business process, and technological capabilities.”

“Their contribution to the SEC’s unwavering and deep commitment to protect America’s investors has been simply remarkable, and I am deeply grateful to have had the privilege of leading them.”

Heslop’s departure follows a major reshuffle in SEC leadership, which saw previous chair Mary Jo White step down at the end of the Obama administration. Michael Piwowar is currently acting chair, and will be replaced by Jay Clayton, a partner at law firm Sullivan & Cromwell.

Following White’s announcement, both Annie Small, the SEC’s chief legal officer, and chief of staff Andrew Donohue also announced they would leave the agency in January.

More people moves 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
Liquidnet expands its EMEA team
18 August 2017 | London | Reporter: Jenna Lomax
Strobel will report to Bob Garrett, who is head of technology and based in the New York office
Brian Quintenz takes up role at CFTC
16 August 2017 | Washington DC | Reporter: Mark Dugdale
Brian Quintenz was sworn in as a commissioner of the US Commodity Futures Trading Commission yesterday
OneVue hires new COO
10 August 2017 | Melbourne | Reporter: Jenna Lomax
Linnegan will lead the fund services operations team from the company’s Melbourne office
TriOptima COO to depart
09 August 2017 | New York | Reporter: Mark Dugdale
TriOptima COO Mireille Dyrberg is leaving her role in September
RBC I&TS strengthens regulatory team
08 August 2017 | London | Reporter: Jenna Lomax
Phillis will lead the governance and regulatory solutions team from RBC I&TS’s London office
Investment management director leaves SEC
04 August 2017 | Washington DC | Reporter: Jenna Lomax
The SEC did not disclose David Grim's next destination or if his replacement has been found
Euroclear Bank brings in Stéphane Bernard as CEO in Poland
04 August 2017 | Krakow | Reporter: Jenna Lomax
Based in Krakow, Bernard will report to Valerie Urbain, CEO of Euroclear Bank
More people moves news