Susan Nash, Associate Director in Division of Investment Management, to Leave SEC After 26 Years of Service

FOR IMMEDIATE RELEASE: 2016-12

Washington D.C., Jan. 20, 2016

The Securities and Exchange Commission today announced that Susan Nash, Associate Director in the Division of Investment Management, will leave the agency at the end of January.

Ms. Nash has been a key architect of disclosure policy for mutual funds and other investment companies, and has led the division's oversight of variable annuity and variable life insurance products.

"Susan's judgment, dedication, and commitment to excellence have substantially contributed to the Division of Investment Management," said David Grim, Director of the Division of Investment Management. "In particular, Susan's tireless work to enhance disclosure has significantly helped America's investors."

Ms. Nash has played an instrumental role in many of the SEC's disclosure policy initiatives for mutual funds and other investment companies, including the mutual fund summary prospectus,  improvements to fee and performance disclosures, electronic document delivery, harmonization of SEC and Commodity Futures Trading Commission requirements for dual registrants, tailored disclosure requirements for variable life insurance, and implementation of Sarbanes-Oxley Act requirements. Most recently, Ms. Nash has played a leadership role in the SEC staff's active engagement with the Financial Stability Oversight Council in the analysis of potential financial stability risks posed by asset management activities and products.

"It has been my privilege for many years to serve as a member of the SEC's staff as we have worked to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation," said Ms. Nash. "I am especially proud of the hard work that our dedicated and talented team in the division undertakes every day to improve the information provided to mutual fund and variable annuity investors who rely on these products to fund their retirement, children's education,  and other critical financial needs."

Ms. Nash previously served in a number of positions in the Division of Investment Management,  including Assistant Director in the Office of Insurance Products and Senior Adviser to the Director.  She joined the SEC's Office of General Counsel in 1989 and served as counsel to former Chairman Richard C. Breeden before joining the Division of Investment Management in 1993.

Ms. Nash is a recipient of the SEC's Arthur F. Matthews Award, recognizing sustained demonstrated creativity in applying federal securities laws for the benefit of investors, as well as the SEC's Law and Policy, Capital Markets, and Regulatory Simplification Awards. Before joining the SEC, Ms. Nash was in private practice in Washington, D.C. She received her bachelor's degree from the University of Notre Dame, master's degree from the University of Chicago, and law degree from Harvard Law School.