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SEC Preparing to Diversify

January 5, 2012
The SEC named Pamela Gibbs to head its recently created Office of Minority and Women Inclusion, an entity that was mandated by the Dodd-Frank Reform Act.  The aim of the Office, to bring more women and minorities into the male-dominated world of finance, is one step closer to being implemented.
Ms. Gibbs, who succeeds he interim director Alta Rodriguez, joins the SEC from the CFTC, where she has directed that agency’s Office of Diversity and Inclusion.  No successor at the CFTC has been named. Pamela Gibbs CV. Ms. Gibbs is among the last directors of these diversity watchdog offices to be appointed.  Unlike agencies that are self-funded - e.g., the Federal Reserve banks - the SEC had to get Congressional approval for the funds needed to pay for the new office.  The Commission received funding approval in July, one year after Dodd-Frank was signed into law. Ms. Gibbs, who will start her new job later in January, is a former Labor Department attorney and a graduate of the Georgetown University Law Center.  [Dealbook 1/5/12]