OCIE Director Marc Wyatt to Leave SEC

FOR IMMEDIATE RELEASE 2017-38

Washington D.C., Jan. 30, 2017

The Securities and Exchange Commission today announced that Marc Wyatt, Director of the Office of Compliance Inspections and Examinations, will leave the agency next month to return to the private sector.

Mr. Wyatt joined the SEC in December 2012 as a senior specialized examiner and co-founded the Private Fund Unit within OCIE. He was named Deputy Director in October 2014 and served as Acting Director in April 2015 before being named Director in November 2015. 

"OCIE has benefited greatly from Marc's leadership and vision," said SEC Acting Chairman Michael Piwowar. "His efforts on enhancing our risk based exam program and the organizational changes he has put in place will leave a lasting mark on the Commission."

"It has been an honor to serve alongside the outstanding OCIE team who work tirelessly to improve compliance, prevent fraud, monitor risk, and inform policy," said Mr. Wyatt.  "I am grateful to have had the opportunity to work with the Commissioners and staff across the SEC to execute on our mission."

Mr. Wyatt worked with OCIE leadership and staff on a number of initiatives and accomplishments during his tenure, including:

Before coming to the SEC, Mr. Wyatt was a principal and senior portfolio manager of a global multi-strategy hedge fund. Prior to that, he was a senior investment banker in the U.S. and U.K.  Mr. Wyatt is a Chartered Financial Analyst. He graduated from the University of Delaware with a B.S. in economics and holds an M.B.A. from Duke University's Fuqua School of Business. 

Upon Mr. Wyatt's departure, Pete Driscoll, OCIE's Chief Risk and Strategy Officer, will become the acting director. Mr. Driscoll was previously OCIE's managing executive from 2013 through early 2016. He joined the Agency in 2001 as a staff attorney in the Division of Enforcement in the Chicago Regional Office and was later a Branch Chief and Assistant Regional Director in OCIE. Prior to the Agency, Mr. Driscoll began his career with Ernst & Young LLP and held several accounting positions in private industry. He received his B.S. in Accounting and law degree from St. Louis University.  He is licensed as a certified public accountant and is a member of the Missouri Bar Association.