He succeeds Norm Champ who was named in July to head the SEC's Division of Investment Management.
As Deputy Director, Bowden will work closely with OCIE Director Carlo di Florio on OCIE's strategy, governance structure, risk-based exam process, training programs, and technology. OCIE conducts inspections and examinations of SEC-registered investment advisers, investment companies, broker-dealers, self-regulatory organizations, clearing agencies, and transfer agents. In the past two years, OCIE has adopted a risk-focused examination program, hired industry experts and launched a training program focused on quality and consistency.
Bowden joined the SEC in November 2011 as the National Associate Director for OCIE's Investment Adviser/Investment Company Examination program. He will assume his new responsibilities immediately and continue in his former role until a successor is in place, according to the SEC. Before joining the SEC, Bowden worked in private law practice, chiefly on legal, regulatory, and compliance issues involving broker-dealer activities.