The US Securities and Exchange Commission has named David Grim as acting director of the investment management division.
Grim will replace Norm Champ, who left SEC at the end of January.
Grim has been the division’s deputy director for the past two years. He has been responsible for overseeing all aspects of the division’s disclosure review, rulemaking, guidance, and risk monitoring functions.
He joined the SEC in 1995 as a staff attorney in the division’s office of investment company regulation and has held other roles including chief counsel and assistant chief counsel.
Mary White, chair of the SEC, commented: “The commission and investors will benefit tremendously from his extensive legal knowledge, deep roots in the work of the division, and his managerial expertise.”
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