The Securities and Exchange Commission announced Tuesday that David Grim has been named acting director of the Division of Investment Management, replacing the division’s former director, Norm Champ, who left the SEC in late-January.
Grim served as the division’s deputy director for the past two years. During that time, he was responsible for overseeing all aspects of the division’s disclosure review, rulemaking, guidance and risk-monitoring functions.
“Dave has served with distinction for nearly 20 years in the Division of Investment Management,” said SEC Chairwoman Mary Jo White, in a statement. “The Commission and investors will benefit tremendously from his extensive legal knowledge, deep roots in the work of the division, and his managerial expertise.”
Grim joined the SEC in September 1995 as a staff attorney in the division’s Office of Investment Company Regulation. In January 1998, he moved to the division’s Office of Chief Counsel and was named assistant chief counsel in September 2007.
“As a part of the Division of Investment Management for my entire career, I have witnessed first hand the exceptional talent and dedication of my colleagues,” Grim said in the statement. “It is a privilege to work with Chair White, the other commissioners, and the staff as we continue to carry out our important mission.”
Grim graduated cum laude with a degree in political science from Duke University and received his law degree from George Washington University, where he was managing editor of the “George Washington Journal of International Law and Economics.”
Champ left the agency to become a visiting scholar for the spring term 2015 at Harvard Law School, where he also is a lecturer in law on a biennial basis and teaches a course on investment management law.