SEC cements Peter Driscoll as director of OCIE
30 October 2017 Washington DC
Image: Shutterstock
The US Securities and Exchange Commission (SEC) has promoted Peter Driscoll to director of the office of compliance inspections and examinations (OCIE).
Driscoll has been acting director since January 2017, having joined the commission as a staff attorney in the division of enforcement in 2001.
Prior to his current position, Driscoll was named the OCIE’s first chief risk and strategy officer in March 2016 and was a managing executive in the branch between February 2013 and February 2016.
Driscoll was also branch chief and assistant regional director of the OCIE. He started his career at EY, holding several accounting positions.
The OCIE runs the SEC’s national examination programme, which conducts exams for SEC-registered investment advisors, investment companies, broker-dealers and transfer agents, among others, helping to promote compliance with the US securities laws.
Jay Clayton, chairman of the SEC, said: “Peter Driscoll has been an exceptional leader of the national examination programme since taking over as acting director of OCIE, including advancing the use of technology to make the programme more effective.”
He added: "With over 15 years of experience at the SEC as an attorney, examiner, and manager, I am confident that Peter Driscoll and OCIE’s dedicated staff will continue to advance the interests of investors across the country.”
Driscoll commented: “I am grateful for the opportunity to lead OCIE, and to continue to work with chairman Jay Clayton, the commissioners, and our colleagues across the agency to protect investors and ensure market integrity. It is my privilege to work alongside our talented and dedicated examiners who serve as the eyes and ears of the commission.”
Driscoll has been acting director since January 2017, having joined the commission as a staff attorney in the division of enforcement in 2001.
Prior to his current position, Driscoll was named the OCIE’s first chief risk and strategy officer in March 2016 and was a managing executive in the branch between February 2013 and February 2016.
Driscoll was also branch chief and assistant regional director of the OCIE. He started his career at EY, holding several accounting positions.
The OCIE runs the SEC’s national examination programme, which conducts exams for SEC-registered investment advisors, investment companies, broker-dealers and transfer agents, among others, helping to promote compliance with the US securities laws.
Jay Clayton, chairman of the SEC, said: “Peter Driscoll has been an exceptional leader of the national examination programme since taking over as acting director of OCIE, including advancing the use of technology to make the programme more effective.”
He added: "With over 15 years of experience at the SEC as an attorney, examiner, and manager, I am confident that Peter Driscoll and OCIE’s dedicated staff will continue to advance the interests of investors across the country.”
Driscoll commented: “I am grateful for the opportunity to lead OCIE, and to continue to work with chairman Jay Clayton, the commissioners, and our colleagues across the agency to protect investors and ensure market integrity. It is my privilege to work alongside our talented and dedicated examiners who serve as the eyes and ears of the commission.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
