WASHINGTON – Marc Wyatt, director of the Securities and Exchange Commission's Office of Compliance Inspections and Examinations, plans to leave the SEC next month to return to the private sector, the commission announced on Monday.
Pete Driscoll, OCIE's chief risk and strategy officer, is slated to become the acting director after Wyatt leaves.
The SEC declined to provide any more information about where Wyatt will be going after he leaves.
Wyatt, who joined the SEC in December 2012 and was named OCIE director in 2015, has overseen recent examinations of non-dealer municipal advisors. OCIE examines the non-dealer MAs and the Financial Industry Regulatory Authority examines the dealer-MAs.
OCIE examined 50 non-dealer municipal advisors in 2015 and closed 67 examinations of non-dealer municipal advisors in 2016, according to OCIE staff.
"OCIE has benefitted greatly from Marc's leadership and vision," said acting SEC chair 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."
Wyatt said it has been "an honor to serve alongside the outstanding OCIE team" and that he is grateful to have had the opportunity to work with the SEC's commissioners and staff. Wyatt was a principal and senior portfolio manager of a global multi-strategy hedge fund before joining the SEC. He graduated from the University of Delaware and holds an MBA from Duke's Fuqua School of Business.
Driscoll was OCIE's managing executive from 2013 through early 2016 and joined the agency in 2001 as a staff attorney. He has a degree in accounting and a law degree from St. Louis University.
