Wednesday, 23 July 2014
Last updated 6 hours ago
Jun 3 2010 | 11:33am ET
Lockheed Martin executive James Comey is leaving the aerospace giant to join Westport, Conn.-based hedge fund Bridgewater Associates.
Comey will remain as senior vice president and general counsel at Lockheed Martin through June 24 and will continue to serve on the firm's executive management team through the summer to ensure a smooth transition.
Comey said in a statement that his decision to leave Lockheed Martin was a difficult one.
"Lockheed Martin is a remarkable company with an inspiring ethical culture, and I have been honored to be part of it for five years. Although I will miss the company, I am excited by the opportunity Bridgewater offers for a broader leadership role in a great business that is very different, except in its commitment to doing the right thing," he said.
Comey joined Lockheed Martin in 2005 from the U.S. Department of Justice, where he had served as Deputy Attorney General and United States Attorney for the Southern District of New York.
Bridgewater Associates is estimated to be one of the world's largest hedge funds with $80 billion in assets under management.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…