The chief of the
SEC unit that focuses on asset managers is leaving the regulatory agency next month, and no one has yet been named to fill his shoes.
Yesterday SEC Chairman
Jay Clayton confirmed that
David Grim, director of the SEC's division of investment management, will leave in September.
InvestmentNews and
Reuters covered the news.
Official word of Grim's departure comes two months after
reports that
Dalia Blass, a
Ropes & Gray attorney and 12-year veteran of the SEC's investment management division, was likely to be brought back by Clayton to take Grim's place atop the division. Yet Clayton's statement yesterday makes no mention of who will succeed Grim.
Grim, a Duke University and George Washington University alumnus, is a 22-year SEC veteran. He joined in 1995 in the investment management division, rising to deputy director in 2013. He
took over the division as acting director in February 2015, and then-Chair Mary Jo White
made Grim's promotion permanent three months later. 
Edited by:
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE