Eileen Rominger has been named to lead the Securities and Exchange Commission’s (SEC) Investment Management Division.
Rominger joins the securities regulator after spending the past 11 years working as the global CIO for Goldman Sachs Asset Management (GSAM), the money management arm of Goldman Sachs. She retired from the New York-based firm at the end of 2010, a Goldman Sachs spokesperson told IMMP this morning.
The firm also noted that “there are no immediate plans to fill that role, but there are several other CIOs for our various portfolio teams.” Previously, she oversaw numerous fixed-income, fundamental equity and quantitative strategies for the nearly $802 billion asset manager.
While her time in the private industry has come to an end, Rominger, a 30-year veteran, will begin her stint at the SEC in February. She permanently replaces Andrew “Buddy” Donohue who left in November. Jennifer McHugh, a senior adviser in the office of the chairman, temporarily replaced Donohue after he served as director for four years.
SEC Chairman Mary Schapiro stated in her comments Tuesday that the former portfolio manager and executive director at Oppenheimer Capital “brings the agency a lifetime of experience in the asset management industry and a record of strong leadership.”
As she takes the helm at the division, which is responsible for protecting investors and promoting “capital information through oversight and regulation of the nation’s multi-trillion dollar investment management industry,” Rominger noted in the Jan. 18 announcement that she was honored to lead the division as “retirement and other important financial needs loom.”