SEC Investment Management Director Champ to Exit

Champ played a key role in the SEC’s completion of reforms in 2014 to strengthen the $3 trillion money market fund industry. He also created the Risk and Examination Office in the Division of Investment Management, which uses data collected from the asset management industry to monitor risks in the industry, firms and products, using the results to inform policy at the SEC.

In addition, Champ instituted regular IM Guidance Updates to make staff views on investment management issues transparent to stakeholders in the investing public, industry and the regulatory community.

Champ is also credited with playing leading roles in commission adoption of reforms to money market mutual funds to require such funds sold to institutional investors to “float” their net asset value like other mutual funds while preserving the fixed net asset value for retail investors, as well as Commission adoption of rules requiring asset managers to have policies and procedures regarding identity theft “red flags.” 

Prior to joining the SEC, Champ served as general counsel and a member of the Executive Committee of Chilton Investment Co., a multi-national investment adviser to private funds and managed accounts. 

From 2007 to 2009, Champ was a member of the Board of Directors of the Managed Funds Association, a trade association of the hedge fund industry, and was the chairman of its Investor Protection Task Force. Before joining Chilton, Champ was a lawyer at the firm of Davis Polk & Wardwell.  Champ served two years as a law clerk for the Honorable Charles S. Haight Jr. of the U.S. District Court for the Southern District of New York.

Champ received his bachelor’s degree from Princeton University, summa cum laude, in 1985, a master’s degree from King’s College University of London (where he was a Fulbright Scholar) in 1986, and a juris doctor degree from Harvard Law School, cum laude, in 1989.

— Check out SEC Finds Flaws in Credit Rating Agencies on ThinkAdvisor.