The Securities and Exchange Commission today announced that Marc Wyatt will serve as Acting Director of the agency’s Office of Compliance Inspections and Examinations (OCIE).  He succeeds Andrew Bowden, who announced that he will be leaving the SEC to rejoin the private sector at the end of April.

Mr. Wyatt has served as the Deputy Director of OCIE since October 2014, where he has led the Technology Controls Program and served as a member of the office’s Operating and Executive Committees.  He also is the national co-coordinator of OCIE’s Private Fund Specialized Working Group and recently participated in the creation of its Private Fund Examination Unit, whose attorneys, accountants, and examiners specialize in examinations of advisers to private funds.  Mr. Wyatt joined the SEC in December 2012 as a senior specialized examiner focused on examinations of advisers to hedge funds and private equity funds. 

“Marc has shown strong leadership in building the Private Fund Unit and serving as OCIE’s Deputy Director," said Mary Jo White, Chair of the SEC. “His experience and management skills will serve him well as he leads our examination program.”

Mr. Wyatt said, “I am grateful for the opportunity to work with Chair White, the Commissioners, and our dedicated and talented OCIE staff throughout the country.”

Before coming to the SEC, Mr. Wyatt was a principal and senior portfolio manager of a global multi-strategy hedge fund.  Previously, he was a senior investment banker in the U.S. and U.K.  Mr. Wyatt is a Chartered Financial Analyst.  He graduated from the University of Delaware with a B.S. in economics and holds an M.B.A. from Duke University’s Fuqua School of Business.  

OCIE conducts the SEC’s National Exam Program through examinations of SEC-registered investment advisers, investment companies, broker-dealers, self-regulatory organizations, clearing agencies, and transfer agents.  It uses a risk-based approach to examinations to fulfill its mission to promote compliance with U.S. securities laws, prevent fraud, monitor risk, and inform SEC policy.