Eileen Rominger to Retire from US SEC
The Securities and Exchange Commission has announced that Eileen Rominger, director of the Division of Investment Management, will be retiring in July.
The SEC’s Division of Investment Management protects investors and promotes capital formation through oversight and regulation of the nation’s multi-trillion dollar investment management industry.
January last year, the division was headed by Rominger.
During Rominger’s tenure, the division has been instrumental in implementing the Dodd-Frank Act’s mandates regarding advisers to hedge funds and other private funds.
“Eileen understood the importance of a fair and efficient investment management industry to the well-being of investors everywhere. Her practical insights and steady leadership served investors well,” said SEC Chairman Mary L. Schapiro.
Ms. Rominger said, “It has been a privilege to work with the talented and dedicated staff of the SEC in its mission of protecting investors.”
In the 30-year period before arriving at the SEC, Rominger worked as a portfolio manager and a leader of portfolio management teams, serving investors and being held accountable to mutual fund boards of directors in those roles.
Until 2010, Rominger worked at Goldman Sachs Asset Management for 11 years, serving most recently as the firm’s global chief investment officer. She previously worked for 18 years at Oppenheimer Capital, where she was a portfolio manager, managing director, and a member of the Executive Committee.
Rominger was named by SmartMoney to the 2011 Power 30 list of the World’s Most Influential Players in business and finance, as well as to the 2011 IA 25 Most Influential People in the Advisor Community by the Investment Advisor magazine.
Rominger received a BA in English from Fairfield University and an MBA in Finance from the Wharton School of Business at the University of Pennsylvania.