Norm Champ Named Associate Regional Director for Examinations in SEC New York Regional Office

FOR IMMEDIATE RELEASE
2009-231

Washington, D.C., Nov. 3, 2009 — The Securities and Exchange Commission today announced the selection of Norm Champ as Associate Regional Director for Examinations in the agency's New York Regional Office (NYRO).

In his new position, Mr. Champ will direct a staff of approximately 100 accountants and examiners responsible for the inspections of investment advisers and investment companies within the New York Region. He will assume his new post in January.

"Norm brings to our inspection program an unusual diversity of experience — as general counsel of a multi-billion dollar hedge fund complex, as a university lecturer, and as a policy thinker," said George S. Canellos, Director of the SEC's New York Regional Office. "He is ideally suited to build on the great work of his predecessor, Tom Biolsi, and also bring his own vision to the examination program. I believe Norm will be an outstanding addition to the NYRO leadership team."

John Walsh, Acting Director of the SEC's Office of Compliance Inspections and Examinations, added, "Norm brings terrific industry knowledge to the job of overseeing compliance examinations of investment advisers and investment companies in a challenging time. He is an excellent addition to NYRO's dedicated examination staff, and I'm very pleased to welcome him to the SEC."

Mr. Champ said, "The examination staff in the NYRO has a wealth of knowledge and experience. I look forward to working with the staff to administer examinations of registered investment advisers and investment companies. The mission of educating registrants and finding any fraud is vital to the proper functioning of the U.S. securities markets and the confidence of investors."

For the past 10 years, Mr. Champ has served as General Counsel of Chilton Investment Company, a multi-national investment adviser and hedge fund manager. Since 2005, Mr. Champ also has served as a member of Chilton's Executive Committee. Mr. Champ is a member of the Board of Directors of the Managed Funds Association, a trade association of the hedge fund industry and a position he will be resigning to join the SEC. A lecturer on law who teaches Private Funds Investment Management Law at Harvard Law School, Mr. Champ was a lawyer at the firm of Davis Polk & Wardwell prior to joining Chilton.

Mr. Champ received his bachelor's degree from Princeton University, summa cum laude, in 1985, a master's degree from King's College University of London in 1986 where he was a Fulbright Scholar, and a juris doctor degree from Harvard Law School, cum laude, in 1989.

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