Stewart Mayhew Named Deputy Chief Economist

FOR IMMEDIATE RELEASE
2008-132

Washington, D.C., July 3, 2008 — The Securities and Exchange Commission announced today that Dr. Stewart Mayhew has been promoted to Deputy Chief Economist in the agency's Office of Economic Analysis.

Dr. Mayhew joined the SEC staff in 2002 as a Visiting Academic Scholar, and since 2004 has served as an Assistant Chief Economist, leading a group that provides economic analysis and support for the SEC's Division of Investment Management, Division of Trading and Markets, and Office of Compliance Inspections and Examinations. His promotion to Deputy Chief Economist is effective immediately.

“Dr. Mayhew is an exceptionally accomplished professional whose leadership in every aspect of the Commission's economic analysis will benefit America's investors and our markets," said SEC Chairman Christopher Cox. “His work has exemplified the SEC's commitment to securities regulation fully informed by the best available empirical evidence. He is perfectly suited for this important new role."

SEC Chief Economist Dr. James Overdahl added, “I look forward to working with Stewart in his new role. Stewart’s background and skills make him perfectly suited to help ensure that Commission's rulemaking, policymaking, market oversight, and enforcement functions fully integrate rigorous economic analysis."

Dr. Mayhew earned a Ph.D. in finance from the University of California, Berkeley in 1996. Prior to joining the SEC staff, he served on the faculty of the Terry College of Business at the University of Georgia and the Krannert School of Management at Purdue University. Dr. Mayhew has published numerous academic articles in such publications as the Journal of Finance, the Journal of Financial and Quantitative Analysis, and the Journal of Futures Markets.