David Grim Named as Director of the Division of Investment Management

The Securities and Exchange Commission today announced that David Grim has been named as Director of the Division of Investment Management.  Mr. Grim has been the division’s acting director since February, following the departure of former director Norm Champ.

“David is a committed public servant with a nearly 20-year tenure in the Division of Investment Management,” said SEC Chair Mary Jo White.  “I am confident that the Commission and the public will continue to benefit from his leadership and deep knowledge of the work of the division on behalf of investors.”

Mr. Grim joined the SEC in September 1995 as a Staff Attorney in the division’s Office of Investment Company Regulation.  In January 1998, he moved to the division's Office of Chief Counsel and was named Assistant Chief Counsel in September 2007.  Mr. Grim was appointed as Deputy Director of the division in January 2013, with responsibility for overseeing all aspects of its disclosure review, rulemaking, guidance, and risk monitoring functions.

“It is an honor to serve America’s investors as the Director of the Division of Investment Management,” said Mr. Grim.  “I look forward to working with Chair White, the Commissioners, and the staff in my new role as we carry out the Commission’s remarkable mission.”

Mr. Grim graduated cum laude with a degree in political science from Duke University and received his law degree from George Washington University, where he was Managing Editor of the George Washington Journal of International Law and Economics.

The SEC's Division of Investment Management works to protect investors, promote informed investment decisions, and facilitate innovation in investment products and services through oversight and regulation of the nation’s multi-trillion dollar asset management industry.