By Vicki Needham - 01/19/11 12:12 AM EST
The Securities and Exchange Commission (SEC) on Tuesday named former Goldman Sachs executive Eileen Rominger as its director of investment management.
The 56-year-old Rominger will start work next month at the division that protects investors and promotes capital formation through oversight and regulation of the nation’s multitrillion-dollar investment management industry, the SEC announced in a statement. For the past 11 years, she worked at Goldman Sachs, most recently serving as the firm’s global chief investment officer.
Prior to Goldman Sachs, she worked for 18 years at Oppenheimer Capital, where she was a portfolio manager, managing director and a member of the firm's management team, according to an SEC release.
She will replace Andrew J. “Buddy” Donohue, who left the agency in November, the SEC said.
"Eileen brings the agency a lifetime of experience in the asset management industry and a record of strong leadership," SEC Chairwoman Mary Schapiro said in a statement. "She understands the importance of the nation’s investment management industry to the well-being of investors everywhere."