FOR IMMEDIATE RELEASE
2014-234
Washington D.C., Oct. 20, 2014 — The Securities and Exchange Commission today announced that Marc Wyatt has been named Deputy Director of the agency's Office of Compliance Inspections and Examinations (OCIE).
Mr. Wyatt joined the SEC in December 2012 as a senior specialized examiner focused on examinations of advisers to hedge funds and private equity funds. He also is the national co-coordinator of OCIE´s Private Fund Specialized Working Group and recently participated in the creation of its Private Fund Examination Unit, whose attorneys, accountants, and examiners specialize in examinations of advisers to private funds.
"During his time here, Marc has demonstrated exceptional drive, judgment, and knowledge of the industry," said OCIE Director Andrew Bowden. "He is a superb manager and communicator, and he will continue to be an effective advocate for investors in his new position within OCIE."
Mr. Wyatt said, "I am honored to take on this new role. It is a great opportunity to work with the talented OCIE staff throughout the country who have contributed so much to the success of the SEC´s recent exam initiatives."
OCIE conducts the SEC's National Exam Program through examinations of SEC-registered investment advisers, investment companies, broker-dealers, self-regulatory organizations, clearing agencies, and transfer agents. It uses a risk-based approach to examinations to fulfill its mission to promote compliance with U.S. securities laws, prevent fraud, monitor risk, and inform SEC policy.
Before coming to the SEC, Mr. Wyatt was a principal and senior portfolio manager at Stark Investments, a global multi-strategy hedge fund. Mr. Wyatt served as chief executive of Stark Investments (UK) Ltd., responsible for European activities, including asset allocation, risk management, marketing, operations, and legal and compliance. He previously was a senior investment banker at Merrill Lynch UK and at Alex. Brown in Baltimore. 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.