The Securities and Exchange Commission said Friday that Brian Daly will become the new director of the Division of Investment Management, effective July 8. He replaces Natasha Vij Greiner, who will depart the agency July 4.
Daly has been a partner in the investment management practice at Akin Gump Strauss Hauer & Feld LLP in New York for the past four years, the agency said.
“Brian has deep familiarity with all levels of the investment management industry, and I look forward to working with him as we address smart, effective oversight of the industry and its relationships with investors,” SEC Chairman Paul Atkins said in a statement. “I am looking forward to working with Brian on common-sense regulation that does not impose unnecessary burdens and genuinely embraces the public comment process.”
Daly added: “I’ve long respected and appreciated the SEC’s commitment to regulatory oversight while advising clients on compliance and providing public comment from the investment management point of view during agency rulemaking. I am optimistic about this new day at the SEC and eager to get to work with Chairman Atkins and my new colleagues to ensure regulatory compliance by investment advisers and fund managers while tailoring rulemakings within our statutory authority.”
Before Akin, Daly spent nearly a decade as a partner in the investment management group of Schulte Roth & Zabel LLP.
He was also a founding equity partner of Kepos Capital, a quantitative investment management company, while he served as chief legal and compliance officer. He also taught legal ethics at Yale Law School and served on the board of directors of the Managed Funds Association.
Daly earned his J.D., with distinction, from Stanford Law School, where he was an associate editor on the Stanford Law Review and the editor-in-chief of the Stanford Journal of International Law. He received his B.A., magna cum laude and Phi Beta Kappa, from Catholic University and his M.A. from the East-West Center at the University of Hawaii.
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