Donald Nicolaisen, the chief accountant of the Securities and Exchange Commission, will step down at the end of October, leaving newly minted Chairman Christopher Cox another key position to fill.

Former SEC Chairman William Donaldson appointed Nicolaisen in August 2003. He was formerly a senior partner at the accounting firm PricewaterhouseCoopers LLP. In an interview with The Wall Street Journal, Nicolaisen said he plans to return to the private sector.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.