Former GSAM CIO Tapped as SEC Director of Investment Management

The Securities and Exchange Commission (SEC) has reached into the asset management industry to find its new Director of Investment Management. 


According to a press release, Eileen Rominger, 56, has been named Director of Investment Management, and she will begin her work at the agency in February.  She replaces Andrew J. “Buddy” Donohue, who left the agency in November (see “SEC Announces Donohue Departure“).  

Rominger joins the SEC after an eleven year stint at Goldman Sachs Asset Management, where she most recently served as the firm’s global chief investment officer.  Working within Goldman Sachs’s asset management unit, Rominger served as chief investment officer overseeing portfolio management teams in eight countries including fixed income, fundamental equity, and quantitative investment strategies. She also was a portfolio manager for fundamental equity portfolios. She served as head of the investment committee for the Goldman Sachs Foundation, and was a member of the management committee and risk committee of the firm’s Investment Management Division. 

She also previously worked for 18 years at Oppenheimer Capital, where she was a portfolio manager, managing director, and a member of the Executive Committee. 

The SEC notes that its Division of Investment Management “protects investors and promotes capital formation through oversight and regulation of the nation’s multi-trillion dollar investment management industry”.  

“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.” 

 “The investor protection mission of the SEC has never been more important,” said Rominger in a press release. “Retirement and other important financial needs loom large for millions of Americans, even as investment choices increase in number and complexity. I’m honored to have the opportunity to lead the Investment Management Division and its talented staff as they drive their critical agenda of transparency and integrity in the industry.” 

Rominger received a BA in English from Fairfield University and an MBA in Finance from the Wharton School of Business at the University of Pennsylvania.