The Securities and Exchange Commission said that it has named Austin Gerig its first chief data officer, a position that will help the securities regulator, among other measures, use data analytics to support enforcement and examinations.
Gerig, the assistant director of the SEC’s Office of Data Science in the Division of Economic and Risk Analysis (DERA), will assume his new position on Feb. 3. He began his SEC career in June 2014 as a financial economist in DERA.
“I am pleased that Dr. Gerig has agreed to bring his broad experience in data strategy and management to this important new role for the Commission,” said SEC Chairman Jay Clayton, in a statement.
“He is well suited to further our efforts to ensure there is a coherence between the information we collect and the information we need to carry out our mission,” Clayton added. “My colleagues at the Commission and I look forward to working with Austin as we strive to better both our use and our protection of data.”
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The Chief Data Officer will help develop the SEC’s data management strategy and priorities and ensure that the agency collects only the data it needs to fulfill its mission and can effectively secure.
Gerig has headed DERA’s Office of Data Science since September 2016, managing a team of data scientists, data engineers, financial economists, and research associates.