SEC Names Andrew Bowden as Director of OCIE; Current Director Carlo V. di Florio to Join FINRA

The SEC announced that Andrew J. Bowden has been named Director of the agency's Office of Compliance Inspections and Examinations ("OCIE") and will lead its National Exam Program.

The SEC's National Exam Program conducts inspections and examinations of SEC-registered investment advisers, investment companies, broker-dealers, self-regulatory organizations, clearing agencies, and transfer agents.

Bowden will succeed Carlo di Florio, whose departure was announced today. Mr. di Florio will lead a new division of risk and strategy at the FINRA.

At FINRA, di Florio will have the overall responsibility of ensuring that FINRA has effective processes for assessing the most significant risks to the investing public and the integrity of our markets, and developing strategic responses to mitigate, manage and monitor those risks and industry trends. In addition, di Florio will manage FINRA's Enterprise Risk Management program to enhance FINRA's internal governance, risk management, quality control and compliance in support of FINRA's mission and strategy.

See: SEC Names Andrew Bowden as Director of National Exam Program (SEC Press Release).See also: Carlo di Florio Named FINRA's New Executive Vice President, Risk and Strategy (FINRA Press Release).