Thomas Biolsi Named Associate Regional Director for Examinations in the SEC Northeast Regional Office

FOR IMMEDIATE RELEASE
2006-54

Washington, D.C., April 12, 2006 — The Securities and Exchange Commission announced today the selection of Thomas A. Biolsi as Associate Regional Director for Examinations in the Commission’s Northeast Regional Office (NERO). In his new position, Biolsi will direct a staff of accountants and examiners responsible for the inspections of investment advisers and investment companies within the Northeast Region. He will assume his new post in mid June.

Mark Schonfeld, Regional Director of NERO, stated, “Tom brings to our inspection program a wealth of experience as a consultant to the investment management and hedge fund industry, as well as prior service as a member of the Commission staff. At this critical time, as our examination responsibilities are expanding, we will be fortunate to benefit from Tom’s expertise and leadership.”

Lori Richards, Director of the SEC’s Office of Compliance Inspections and Examinations, added, “Tom brings terrific industry and SEC experience to the job of overseeing compliance examinations of investment advisers and investment companies in the region served by our New York Office. He is an excellent addition to the already outstanding examination staff in NERO, and I am so pleased to welcome him back.”

Biolsi said, “I am honored to be offered this opportunity to return to public service working with the outstanding staff of the Commission’s Northeast Regional Office. I hope to leverage my nearly 18 years of experience, first as a chief compliance officer and more recently leading a regulatory advisory team at PWC serving their top traditional and alternative strategy clients in order to help the Commission at a critical time in its regulation of the investment management industry. I believe these experiences, and the great people and clients I have worked with, will make me a more effective regulator.”

For the last nine years, Biolsi has been a Managing Director in the Regulatory Compliance Group of PricewaterhouseCoopers (PWC) where he developed a compliance consulting practice for registered investment advisers and investment companies. Prior to joining PWC, Biolsi was a Compliance Director and then the Chief Compliance Officer at Prudential Insurance Company of America for seven years. At Prudential, he supervised a compliance staff overseeing eighteen registered investment advisers. Prior to Prudential, Biolsi was a staff examiner and then Branch Chief in the Investment Adviser Examination Program in NERO for a total of nine years where he conducted and supervised numerous examinations of registered investment advisers.

Biolsi is a graduate of Chapman College and served three years in the United States Air Force.

http://www.sec.gov/news/press/2006/2006-54.htm