September 13, 2012
--- Andrew J. Bowden has been named deputy director of the
Securities and Exchange Commission (SEC)’s Office of Compliance Inspections and
Examinations (OCIE). ---
Bowden joined the SEC in November 2011 as the national
associate director for the OCIE’s Investment Adviser/Investment Company
Examination Program. He will assume his new responsibilities immediately and
continue in his former role until a successor is in place.
“Drew is an outstanding professional with a valuable
combination of technical expertise, industry perspective, and leadership and
management skills,” said Carlo di Florio, director of the OCIE. “In his short
time at the Commission, he has demonstrated excellent teamwork and
collaboration across the SEC and with other regulators.”
As deputy director, Bowden will work closely with di
Florio on OCIE’s strategy, governance structure, risk-based exam process,
training programs and technology, and will continue to co-chair OCIE’s people
committee, which focuses on training, teamwork and other initiatives.
“I am grateful for this opportunity to work more
broadly with colleagues in OCIE and to continue the assessment and improvement
initiatives instituted by Carlo and the OCIE National Leadership Team over the
last two years,” Bowden said.
Before joining the SEC, Bowden worked in private law
practice, chiefly on legal, regulatoryand compliance issues involving broker/dealer
activities. He spent 17 years at Legg Mason Inc. in a variety of legal, compliance
and senior business roles related to Legg Mason’s broker/dealer and investment
management businesses, and served on the board of governors and executive
committee of the Investment Advisers Association.
Bowden holds a law degree, cum laude, from the
University of Pennsylvania Law School and a bachelor’s degree, summa cum laude,
from Loyola University in Baltimore.
succeeds Norm Champ, who was named in July to head the SEC’s division of
investment management. The OCIE conducts inspections and examinations of
SEC-registered investment advisers, investment companies, broker/dealers,
self-regulatory organizations, clearing agencies and transfer agents.