The Securities and Exchange Commission has named Andrew Bowden as Deputy Director of the agency’s Office of Compliance Inspections and Examinations (OCIE). 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.