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SEC Division Head to Retire

June 18, 2012
[ by Melanie Gretchen ] The SEC today announced that the Director of the Division of Investment Management will be retiring next month after a year and a half at the agency.  Eileen Rominger left Goldman Sachs Asset Management for 11 years to head the SEC's unit, created to protect investors and promotes capital formation through oversight and regulation of the nation’s multi-trillion dollar investment management industry. Under her leadership, the Division worked toward implementing the Dodd-Frank Act’s mandates regarding advisers to hedge funds and other private funds.  Prior to joining the SEC, Ms. Rominger worked as a portfolio manager and a leader of portfolio management teams, for investors and mutual fund boards of directors. At Goldman, Ms. Rominger's 11 years most recently included serving as the firm's global chief investment officer.  Before that, she spent 18 years at Oppenheimer Capital, where she was a portfolio manager, managing director, and a member of the Executive Committee.  Ms. Rominger received a BA in English from Fairfield University and an MBA in Finance from the Wharton School of Business at the University of Pennsylvania. "Eileen understood the importance of a fair and efficient investment management industry to the well-being of investors everywhere. Her practical insights and steady leadership served investors well." -- SEC Chairman Mary L. Schapiro. [SEC, 6/15/12]