Champ will succeed Eileen Rominger and oversee the recommendation and administration of new rules for money-market funds which includes mutual funds, hedge funds, private equity and other investment classes.
Champ joined SEC in 2010, as the associate regional director for investment adviser/investment company examinations in the SEC’s New York Regional Office.
Currently, he has been working as deputy director of the SEC’s Office of Compliance Inspections and Examinations (OCIE).
Before joining the SEC, Champ served as general counsel for 10 years as well as a member of the executive committee and a partner at investment management firm Chilton Investment Company.
SEC Chairman Mary L Schapiro said Norm has proven himself to be a natural leader and an expert at managing programs that bolster our financial markets and protect investors."
"His breadth of experience and deep insight into so many aspects of the securities industry will well serve investors and the agency," Schapiro added.
OCIE director Carlo di Florio said, "Norm has made a tremendous contribution to OCIE in the last two and a half years as a leader of the National Examination Program."
