The Securities and Exchange Commission has named Norm Champ as director of the agency’s Division of Investment Management, replacing outgoing Eileen Rominger, who is retiring.

Champ previously served as Deputy Director of the SEC’s Office of Compliance Inspections and Examinations. He assumes his new duties on July 9.

Prior to joining the SEC staff in 2010, Champ was general counsel for 10 years as well as a member of the executive committee and a partner at investment management firm Chilton Investment Company, a multi-national adviser to private funds and managed accounts.

“Norm has proven himself to be a natural leader and an expert at managing programs that bolster our financial markets and protect investors,” stated SEC Chairman Mary L. Schapiro. “His breadth of experience and deep insight into so many aspects of the securities industry will well serve investors and the agency."