The Securities and Exchange Commission yesterday named Norman B. Champ III, a former hedge fund general counsel, as its director of investment management, the New York Times DealBook blog reported yesterday. He replaces Eileen Rominger, a former Goldman Sachs senior executive who is leaving the post after 18 months on the job. Rominger announced her retirement last month. Champ has been with the SEC since 2010, most recently serving as its deputy director of the SEC's compliance inspections and examinations unit. That office has received increased attention because of new requirements that hedge funds and other large private investment firms register with the commission. His office has also played a key role in implementing certain provisions of the Dodd-Frank financial reform law.
