More changes are in air for the Securities and Exchange Commission, which announced the appointment of a new senior advisor to the director in its division of investment management.

Jennifer McHugh will advise Norm Champ, the director of the investment management division, on issues related to mutual funds and investment advisers. She starts on Dec. 17.

Prior to this appointment, McHugh served as acting director of the same division from the end of 2010 to early 2011. She has been a senior advisor to SEC Chairman Mary Schapiro since 2009.

Schapiro steps down from her position tomorrow, Dec. 14.

From 2001 to 2009, McHugh served as senior advisor to two directors and two acting directors of the investment management division on management and policy issues. McHugh started her career at the SEC in 1999 as an attorney in the investment management division, focusing on mutual fund rulemaking, before being named special counsel in the division's office of investment adviser regulation in 2000.

"Jennifer has a wealth of experience from her last four years in the Chairman’s Office that will be extremely helpful to the Division," Champ said regarding McHugh's appointment, in a press statement.

"The Division's work developing regulatory policy for mutual funds and investment advisers is particularly meaningful and rewarding because it has a direct impact on everyday investors," McHugh added in the same press release.

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