The head of the Securities and Exchange Commission’s exam division, Marc Wyatt, will leave the agency in February, the agency said Monday.
Pete Driscoll, chief risk and strategy officer for the SEC’s Office of Compliance Inspections and Examinations, will become the acting director. Driscoll previously served as OCIE’s managing executive from 2013 through early 2016.
Wyatt, who plans to return to the private sector, joined the SEC in December 2012 as a senior specialized examiner and co-founded the Private Fund Unit within OCIE.
Wyatt was named OCIE’s deputy director in October 2014 and served as acting director in April 2015 before being named director in November 2015.
“OCIE has benefited greatly from Marc’s leadership and vision,” said SEC Acting Chairman Michael Piwowar. “His efforts on enhancing our risk-based exam program and the organizational changes he has put in place will leave a lasting mark on the Commission.”
Wyatt worked with OCIE leadership and staff on a number of initiatives and accomplishments during his tenure, including: