Canellos To Replace SEC's Khuzami On Interim Basis

Feb 1 2013 | 11:34am ET

George Canellos, the former head of the Securities and Exchange Commission's New York office, will serve as the agency's interim enforcement chief.

Canellos will take over after the departure next week of Robert Khuzami, who's held the post for four years. Canellos has been Khuzami's deputy at the division since last year, and Khuzami is believed to have pushed for his appointment.

"George is highly-respected for his intellect, prosecutorial instincts, and commitment to tough and fair enforcement of the federal securities laws," Khuzami said. "His service will benefit both the SEC's talented and hard-working staff and the investing public."

A permanent replacement for Khuzami is not expected until the SEC itself has a new permanent chief. President Barack Obama last week nominated former prosecutor Mary Jo White to the post; she awaits confirmation by the Senate.

White's appointment could prove a boon for Canellos, however: He used to work for her at the Manhattan U.S. Attorney's Office, which White led in the 1990s and early 2000s. Under White, Canellos led the major crimes unit and was a senior trial counsel for the Wall Street task force.

But Canellos does have some challengers, including David Bergers, head of the SEC's Boston office. Bergers was named to fill Canellos' deputy enforcement directorship. And some in the division are pushing for major changes following Khuzami's long tenure.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note