Dan Gallagher, Deputy Director of Trading and Markets, to Leave SEC and Return to Private Practice
FOR IMMEDIATE RELEASE
Washington, D.C., Jan. 25, 2010 — The Securities and Exchange Commission announced today that Daniel M. Gallagher, Jr., a Deputy Director of the Division of Trading and Markets, will leave the agency at the end of this month to return to private practice as a partner in the Washington, D.C., office of WilmerHale.
Since joining the Division in 2008, Mr. Gallagher has played an integral role in the SEC's response to the financial crisis and other key Commission initiatives, such as overseeing issues arising from the bankruptcy of Lehman Brothers, rulemaking to address issues regarding credit rating agencies, and efforts to facilitate the central clearing of credit default swaps. Mr. Gallagher worked closely with the Treasury Department, the Federal Reserve Board, the Federal Reserve Bank of New York, the CFTC, and various international bodies in these and other efforts relating to the crisis. Mr. Gallagher served as Co-Acting Director of the Division from April 2009 to January 2010.
"Dan's knowledge and insight have served this agency well during a very difficult time in the markets," said SEC Chairman Mary Schapiro. "He has helped to simplify complex policies, worked on significant broker-dealer and market structure reforms, and demonstrated a true desire to serve the interests of the investing public."
Robert W. Cook, Director of the SEC's Division of Trading and Markets, added, "Dan has done a terrific job for the Division during his tenure as Deputy and Co-Acting Director, and we will miss his energy and enthusiasm."
Mr. Gallagher said, "It has been a tremendous honor to have worked in the Division of Trading and Markets during such a historic period. I have had the privilege of working on critical, cutting-edge matters with incredibly talented colleagues who embody the meaning of public service. It has been a pleasure to serve Chairman Schapiro and the Commissioners, and I wish them the best as they address new challenges."
Mr. Gallagher came to the SEC in January 2006, first serving as a Counsel to SEC Commissioner Paul S. Atkins and later as a Counsel to SEC Chairman Christopher Cox. In those capacities, he worked on most of the major Division of Trading and Markets and Division of Enforcement matters before the Commission.
Mr. Gallagher was formerly the General Counsel and Senior Vice President of Fiserv Securities, Inc., where he was responsible for managing all of the firm's legal and regulatory matters. Mr. Gallagher began his career in private practice, advising clients on broker-dealer regulatory issues, and representing clients in SEC and SRO enforcement proceedings.
Mr. Gallagher earned his JD, magna cum laude, from the Catholic University of America, where he was a member of the law review. He graduated from Georgetown University with a BA in English.
# # #