SEC Names Rominger Director of Division of Investment Management

The Securities and Exchange Commission has selected Eileen Rominger as director of the division of investment management.

Rominger spent the past 11 years at Goldman Sachs Asset Management, most recently as the firm’s global chief investment officer. Previously, she was with Oppenheimer Capital for 18 years as a portfolio manager, managing director and member of the executive committee.

She replaces Andrew J. “Buddy” Donohue, who left in November.

“Eileen brings the agency a lifetime of experience in the asset management industry and a record of strong leadership,” said SEC Chairman Mary L. Schapiro. “She understands the importance of the nation’s investment management industry to the well-being of investors everywhere.”

Paul Schott Stevens, president of the Investment Company Institute, said of the new appointment: “We look forward to working with Eileen Rominger in her new role leading the division of investment management. As a seasoned investment professional, she brings unique credentials to the commission staff, as well as the benefit of long and distinguished experience in the asset management business. Her qualifications will very effectively serve the interests of America’s mutual fund investors and the mission of the SEC more broadly.”