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SEC Exam Chief Bowden to Exit

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The Securities and Exchange Commission said Tuesday that its exam chief, Andrew Bowden, will leave the agency at the end of April and return to the private sector.

Bowden, director of the agency’s Office of Compliance Inspections and Examinations, joined the SEC in November 2011, serving as OCIE’s national associate for the investment adviser/investment company examination program. He was named deputy director of OCIE in September 2012 and became OCIE’s director in June 2013.

“I am extremely grateful to have had the opportunity to work with Chair White, the Commission, and with such dedicated and talented colleagues in OCIE,” said Bowden, in a statement. “The work they do is extremely important. Each day they come to work to protect investors and the integrity of our complex and adaptive capital markets.”

SEC Chairwoman Mary Jo White added in the statement that Bowden has served “as a thoughtful, creative and dedicated advocate for investors, OCIE and the Commission. Under his leadership, OCIE has effectively engaged with investors and the industry to promote compliance, worked to detect and prevent fraud, and advised the Commission on policy issues and developing risks.”

Bowden worked with OCIE leadership and staff on a number of initiatives and accomplishments during his tenure, including the successful completion of the “presence exam” initiative, which provided education, examination and guidance to newly registered investment advisors following the adoption of the Dodd-Frank Act. 

The presence exam initiative is expanding to include the “never-before-examined” initiatives for investment advisors and investment companies and initial examinations of newly registered municipal advisors.

Prior to joining the SEC, Bowden served in a variety of roles in the broker-dealer and asset management industries and in private legal practice. He graduated from Loyola University in Maryland in 1983 and from the University of Pennsylvania Law School in 1987.

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