Susan Ferris Wyderko was named on January 12 the Acting Director of the SEC’s Division of Investment Management, which oversees advisors and mutual funds. She fills the spot of the previous Acting Director Meyer Eisenberg, the SEC’s deputy general counsel, who left the SEC a few weeks ago to teach at Columbia Law School. Eisenberg was the temporary replacement for Paul Roye, the division’s former director who left last February. Roye is now a senior VP at Capital Research & Management Co., the parent company of the American Funds mutual fund group.
Industry officials say Wyderko’s stint as acting director will be likely be short-lived. When SEC Chairman Christopher Cox will name a permanent replacement for Roye remains unclear.