Eric Pan, managing director of Rock Creek Global Advisors LLC, a Washington-based international economic policy advisory firm, has been elected the new president and CEO of the Investment Company Institute.
Pan, who will assume his new post on Nov. 9, succeeds Paul Schott Stevens, who is retiring at year-end after more than 16 years as ICI’s head.
Pan was associate director and the first head of International Regulatory Policy at the Securities and Exchange Commission from 2011-2015, and served as director of the Office of International Affairs at the Commodity Futures Trading Commission from 2015-2019 where he oversaw CFTC international initiatives.
Since January, Pan has served as a managing director at Rock Creek Global Advisors.
“I am honored to join ICI as its next president and chief executive,” Pan said in a statement. “ICI is an outstanding research organization and the leading voice for regulated funds and the shareholders they serve. I look forward to working with ICI’s members and top-flight staff to be a forceful and effective advocate for the interests of funds and their investors around the world.”
ICI Chairman George C. W. Gatch, CEO of J.P. Morgan Asset Management, added in the statement that Pan’s “global experience, deep financial and regulatory insight, and strong commitment to investor protection and service uniquely qualify him to lead ICI into its ninth decade.”
As president and CEO, Pan will direct ICI’s staff of 174 in Washington, D.C.; London; and Hong Kong.
A graduate of Harvard College, the University of Edinburgh and Harvard Law School, Pan has made his mark both as a regulator and an academic.
Recruited to the SEC in 2011, Pan was charged with leading a new unit to oversee international regulatory policy and implement the agency’s response to the G20 leaders’ agenda in the wake of the global financial crisis.
In that role, he oversaw the SEC’s participation in the International Organization of Securities Commissions (IOSCO) and Financial Stability Board (FSB). In 2015, Pan moved to the CFTC.
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