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People moves news

SEC’s Nash must dash


21 January 2016 Washington DC
Reporter: Drew Nicol

Generic business image for news article
Image: Shutterstock
The Securities and Exchange Commission’s (SEC) associate director of the division of investment management, Susan Nash, will leave the agency after 26 years of service at the end of January.

According to the SEC, Nash has been a key architect of disclosure policy for mutual funds and other investment companies, and has led the division’s oversight of variable annuity and variable life insurance products.

She also recently played a leadership role with the Financial Stability Oversight Council in the analysis of potential financial stability risks posed by asset management activities and products.

Nash previously served in a number of positions in the investment management division, including assistant director in the insurance products office.

She joined the SEC in 1989 as counsel to former chairman Richard Breeden, before joining the investment management division in 1993.

“It has been my privilege for many years to serve as a member of the SEC’s staff as we have worked to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation,” said Nash.

“I am especially proud of the hard work that our dedicated and talented team in the division undertakes every day to improve the information provided to mutual fund and variable annuity investors who rely on these products to fund their retirement, children’s education, and other critical financial needs.”

David Grim, director of the division of investment management, added: “Susan Nash’s judgement, dedication, and commitment to excellence have substantially contributed to the division.”

“In particular, her tireless work to enhance disclosure has significantly helped America’s investors.”
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