Deputy Chief Economist Stewart Mayhew to Leave SEC After Eight Years of Service

FOR IMMEDIATE RELEASE
2010-150

Washington, D.C., Aug. 13, 2010 — The Securities and Exchange Commission announced today that Deputy Chief Economist Stewart Mayhew is leaving the agency after eight years of public service.

Dr. Mayhew came to the SEC as a Visiting Academic Scholar in 2002. He became an Assistant Chief Economist in 2004 and was appointed Deputy Chief Economist in 2008. He worked on a wide variety of policy, rulemaking, and litigation support matters including Regulation NMS and the Option Penny Pilot project.

"Stewart has a deep understanding of market microstructure, options, exchange-traded funds, clearance and settlement, and other complex matters," said Henry Hu, Director of the Division of Risk, Strategy, and Financial Innovation. "The Commission has truly benefitted in many ways not only from Stewart's expertise but also from his energy and creativity."

Dr. Mayhew said, "I am very grateful to have had the opportunity to help incorporate rigorous economic analysis into the Commission's rulemaking and enforcement activities. It has been a privilege and an honor to serve the nation's investors and work alongside so many highly talented professionals who are deeply committed to investor protection and strengthening the efficiency and integrity of our capital markets."

Dr. Mayhew, 43, will leave the SEC to work in the Washington D.C. office of Cornerstone Research, an economic and financial consulting firm.

Prior to joining the SEC staff, Dr. Mayhew served on the faculty of the Terry College of Business at the University of Georgia and the Krannert School of Management at Purdue University. He 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. Dr. Mayhew earned his Ph.D. in finance from the University of California at Berkeley in 1996.

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