SEC to hire former Goldman Sachs executive

20 January 2011

Eileen Rominger, a former Goldman Sachs executive, is to be hired by the Securities and Exchange Commission (SEC) to head up the regulator’s investment management unit.

According to the SEC, the new post holder’s most recent experience was working for Goldman Sachs in its asset management division where she recently worked as the global chief investment officer.

She is expected to begin her new role as director of investment management at the SEC in February and will succeed Andrew J “Buddy” Donohue who left the post in November.

Mary L Schapiro, SEC chairman, said: “Eileen brings the agency a lifetime of experience in the asset management industry and a record of strong leadership.

“She understands the importance of the nation’s investment management industry to the well-being of investors everywhere.”

While at Goldman, the 56 year-old was responsible for administering portfolio management teams in eight countries and worked with fundamental equity and quantitative investment strategies.

She also headed up the Goldman Sachs Foundation’s investment committee.

Previously, Ms Schapiro spent 18 years working at investment management firm Oppenheimer Capital.

By Jim Ottewill

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