The Securities and Exchange Commission announced that David Grim has been named as Acting Director of the Division of Investment Management. He replaces Norm Champ, the division’s former director, who left the SEC at the end of January.
“Dave has served with distinction for nearly 20 years in the Division of Investment Management,” said SEC Chair Mary Jo White. “The Commission and investors will benefit tremendously from his extensive legal knowledge, deep roots in the work of the division, and his managerial expertise.”
Mr. Grim has been the division’s Deputy Director for the past two years where he has been responsible for overseeing all aspects of the division’s disclosure review, rulemaking, guidance, and risk monitoring functions.
“As a part of the Division of Investment Management for my entire career, I have witnessed first hand the exceptional talent and dedication of my colleagues. It is a privilege to work with Chair White, the other Commissioners, and the staff as we continue to carry out our important mission,” said Mr. Grim.
Mr. Grim joined the SEC in September 1995 as a Staff Attorney in the division’s Office of Investment Company Regulation. In January 1998, he moved to the division's Office of Chief Counsel and was named Assistant Chief Counsel in September 2007.
Mr. Grim graduated cum laude with a degree in Political Science from Duke University and received his law degree from George Washington University, where he was Managing Editor of the George Washington Journal of International Law and Economics.
The SEC's Division of Investment Management works to protect investors, promote informed investment decisions, and facilitate innovation in investment products and services through oversight and regulation of the nation’s multi-trillion dollar asset management industry.