Securities and Exchange Commission Chairwoman Mary Jo White announced Monday that she has named Robert Rice, a former federal prosecutor, as her chief counsel.
Rice comes to the SEC from Deutsche Bank in New York, where since 2010 he served as head of governance, litigation and regulation for the Americas, and the global co-head of its governance, litigation, and regulation operating committee.
“I have been impressed by Bob’s intelligence, wisdom and insight for as long as I’ve known him,” said White, in a statement. “I am delighted that he will be joining our talented SEC team.”
As chief counsel, Rice will serve as a senior legal and policy advisor to White and provide counsel on a wide variety of regulatory matters.
“I am humbled by this appointment, and thrilled to return to public service and work again under Mary Jo White,” Rice said in the same statement. “I look forward to the challenges ahead and to working with everyone at the commission to protect investors and maintain the integrity of our markets.”
Rice, 57, began his legal career in 1987 as an associate at the law firm of Simpson, Thacher & Bartlett, in New York, and spent nearly a decade in the criminal division of the U.S. Attorney’s Office in the Southern District of New York. As an Assistant U.S. attorney in Manhattan from 1991 until 2000, he investigated and prosecuted numerous securities fraud, mail and wire fraud, and money laundering cases.
He also served as a deputy chief appellate attorney before being named deputy chief of the criminal division, with responsibility for overseeing approximately 160 federal prosecutors.
In 2000, Rice left public service to become a partner at McDermott, Will & Emery in New York. He remained there until 2004, when he joined Deutsche Bank as head of regulatory and internal investigations for the Americas.
Rice received a B.S. from Springfield College in 1977, a master’s degree from Montclair State College in 1980, and a J.D. from St. John’s University School of Law in 1987.