Norm Champ, director of the Securities and Exchange Commission's Division of Investment Management, is leaving the agency to become a Visiting Scholar for Spring Term 2015 at Harvard Law School, where he also is a lecturer in law on a biennial basis teaching a course on investment management law.
The SEC said Wednesday that Champ will leave at the end of January after serving for five years in senior leadership posts at the agency.
The SEC has not announced a replacement for Champ.
Before becoming the director of Investment Management in 2012, Champ served as deputy director of the SEC's Office of Compliance Inspections and Examinations, leading the restructuring of the agency's National Exam Program in the wake of the financial crisis.
"The Commission has benefited greatly from Norm's expertise and sound judgment and we have been very fortunate to have had him work on behalf of U.S. investors and our markets," SEC Chairwoman Mary Jo White said in a statement. "His efforts on important rulemakings and the organizational changes he has put in place will leave a lasting mark on the Commission."
Champ noted in the statement that "It has been a privilege to serve with the talented people of the SEC in both the Division of Investment Management and the Office of Compliance Inspections and Examinations as we worked together to fulfill the agency's mission."
Together, Champ continued, "we were able to restructure both organizations to increase transparency, increase cooperation across Divisions and offices, provide staff with more opportunities and improve the agency's use of data while at the same time accomplishing significant policy goals."
