MutualFundWire.com: Who Will Replace Rominger at the SEC?

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Monday, June 18, 2012

Who Will Replace Rominger at the SEC?

Eileen Rominger is leaving the SEC (Securities and Exchange Commission), and she doesn't yet have a successor. On Friday Chairman Mary Schapiro revealed that Rominger, Director of the Division of Investment Management, will retire next month. A spokeswoman for the regulatory agency told MFWire.com that the SEC does not have a replacement for Rominger.

Rominger leaves just a year-and-a-half after taking the post, when she filled the shoes of Buddy Donahue. Rominger previously spent 11 years at Goldman Sachs Asset Management, most recently as global chief investment officer. She also worked at Oppenheimer Capital for 18 years.

"Eileen understood the importance of a fair and efficient investment management industry to the well-being of investors everywhere," Schapiro stated. "Her practical insights and steady leadership served investors well."

Press Release
DIRECTOR OF DIVISION OF INVESTMENT MANAGEMENT EILEEN ROMINGER TO RETIRE

Washington, D.C., June 15, 2012 – The Securities and Exchange Commission today announced that Eileen Rominger, Director of the Division of Investment Management, will be retiring in July.

The SEC’s Division of Investment Management protects investors and promotes capital formation through oversight and regulation of the nation’s multi-trillion dollar investment management industry. During Ms. Rominger’s tenure, the Division has been instrumental in implementing the Dodd-Frank Act’s mandates regarding advisers to hedge funds and other private funds.

“Eileen understood the importance of a fair and efficient investment management industry to the well-being of investors everywhere. Her practical insights and steady leadership served investors well,” said SEC Chairman Mary L. Schapiro.

Ms. Rominger said, “It has been a privilege to work with the talented and dedicated staff of the SEC in its mission of protecting investors.”

In the 30-year period before arriving at the SEC, Ms. Rominger worked as a portfolio manager and a leader of portfolio management teams, serving investors and being held accountable to mutual fund boards of directors in those roles. Until 2010, Ms. Rominger worked at Goldman Sachs Asset Management for 11 years, serving most recently as the firm’s global chief investment officer. She previously worked for 18 years at Oppenheimer Capital, where she was a portfolio manager, managing director, and a member of the Executive Committee.

Ms. 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.