July 12, 2012
Securities and Exchange Commission (SEC) hired Paula Drake as an associate
director in its Office of Compliance Inspections and Examinations (OCIE).
Drake is to serve as chief counsel, and
chief compliance and ethics officer of the OCIE, where she will oversee eight
lawyers and coordinate the efforts of attorney advisers in the SEC’s 11
regional offices. Her new position begins August 6.
recently was general counsel and chief operating officer at Oechsle
International Advisors LLC, where she was involved in all aspects of the
investment management business, including registering investment advisers, and
establishing risk and compliance programs. She has extensive experience
managing litigation, regulatory relationships, examinations, audits and
internal investigations, and recently completed eight years as a member of the
Board of Governors of the Investment Advisers Association.
joining Oechsle, Drake was an attorney with the law firm of Ropes & Gray, as
well as at Fidelity Investments. She is a graduate of Harvard Law School and
received a bachelor of arts degree and Ph.D. in English from the University of
adds extensive legal, business and industry experience and expertise,” said
Carlo di Florio, OCIE’s director. “She will help us with the continued
advancement of the national examination program, including leading the critical
legal function, developing our national examination policy manual, and
overseeing our internal compliance team.”
conducts the SEC’s national examination program for investment advisers and
investment companies, broker/dealers, self regulatory organizations, clearing
agencies and transfer agents to fulfill its mission of promoting compliance,
preventing fraud, monitoring risk and informing SEC policy.