Two-and-a-half years after leaving Chilton Investment Co. to join the Securities and Exchange Commission, Norm Champ has been entrusted with the regulator's investment management division.
Champ was named head of the group yesterday as the SEC wrestles with proposed new regulations for the industry. In addition to hedge funds, the investment management division oversees mutual funds, private equity funds, exchange-traded funds and other vehicles.
Champ takes over from Eileen Rominger, who is leaving the SEC.
Champ joined the SEC as an associate regional director for examinations in New York in January 2010, after a decade as Chilton's general counsel. Six months later, he was promoted to deputy director of the Office of Compliance, Inspections and Examinations.
"I am honored to join the division and continue to carry out the SEC's mission of protecting investors and encouraging capital formation," Champ said.