SEC Names Bowden OCIE Deputy Director

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.

Bowden 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.