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May 22, 2006 at 08:00 PM
WASHINGTON (HedgeWorld.com)–Kathleen L. Casey has been nominated to replace Cynthia Glassman at the Securities and Exchange Commission following the expiration of Ms. Glassman’s term on June 5.
Ms. Casey is currently the staff director and counsel for the Senate Committee on Banking, Housing and Urban Affairs that is chaired by Sen. Richard Shelby (R-Ala.), whom she previously served as chief of staff and legislative director.
Ms. Glassman announced her intention to leave the SEC on Monday [May 15] in a letter to President George W. Bush. Mr. Bush announced his nomination on May 18, along with the appointment of 18 other officials within his administration.
It is not known how closely Ms. Casey’s management philosophy will mirror that of Ms. Glassman, who opposed the commission’s action to require registration of hedge fund managers. Ms. Glassman was well respected by the staff, according Michael McCoy, who left the SEC’s Division of Corporate Finance to join law firm Bryan Cave LLP in January 2005.
