Andrew “Buddy” Donohue, director of the Securities and Exchange Commission’s Division of Investment Management, is leaving the agency in November.
As head of Investment Management since April 2006, the SEC notes in a Tuesday, August 17, release that Donohue helped develop significant regulations governing the $39 trillion asset management industry–including investor-oriented rules to improve oversight of money market funds, increasing investment advisor custody controls, and curtailing investment advisor “pay-to-play” abuses.