The Securities and Exchange Commission on Tuesday named former Wilmer Cutler Pickering Hale and Dorr partner and current Commodity Futures Trading Commission commissioner Dan Berkovitz as its general counsel.
The move will reunite Berkowitz with his former boss, SEC Chair Gary Gensler. Berkovitz served as general counsel of the CFTC when Gensler led the commission during the Obama administration.
“Dan is a dedicated public servant and was instrumental in both informing and implementing the Dodd-Frank Act. As general counsel, he navigated the CFTC through dozens of rulemakings to enhance regulatory oversight of the swaps markets, and he has remained a steadfast public servant as a commissioner. He will be invaluable in our work at the SEC,” Gensler said in a statement announcing the move.
Berkovitz joined Wilmer in 2013 as partner and co-chair of the futures and derivatives practice and represented some of the largest financial institutions in the country including JPMorgan Chase & Co. Morgan Stanley. He reported earning $1.18 million in partnership income at the firm in a 2018 financial disclosure statement.
President Donald Trump appointed Berkovitz to the Democratic seat on the CFTC in 2018.
“I am honored to join the SEC at this critical time for our capital markets,” Berkovitz said in a statement.