David W. Grim, director of the division of investment management of the Securities and Exchange Commission (SEC) will leave the agency next month after more than 20 years of public service.
As director, Mr Grim led the division’s policy development, legal interpretation, data analysis and disclosure review functions.
The division oversees the $70 trillion dollar asset management industry, which includes mutual funds, exchange-traded funds, closed-end funds, variable insurance products, business development companies and investment advisers.
Mr Grim joined the SEC in 1995 as a staff attorney in the office of investment company regulation. He then moved to the division's office of chief counsel, where he served in a number of positions, including being named assistant chief counsel. Mr Grim was appointed as deputy director of the division in 2013, and director in 2015.