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(Article from Registered Funds Regulatory Update, January 2022)

For more information, please visit the Registered Funds Resource Center.

The SEC announced the appointment of William Birdthistle as the new Director of the Division of Investment Management. Director Birdthistle, a professor at Chicago-Kent College of Law, replaces Acting Director Sarah ten Siethoff. “Professor Birdthistle will bring remarkable expertise in investment funds to the SEC,” said SEC Chair Gary Gensler. “The Division of Investment Management develops regulatory policies to oversee investment companies and investment advisers so that American investors can confidently save to buy homes, pay for college, or plan for retirement. I look forward to working closely with William to execute our mission.” Birdthistle’s appointment follows a pattern of Gensler tapping academics and other industry outsiders to head divisions and fill other positions at the SEC.

Press Release, William Birdthistle Named Director of Division of Investment Management
(Dec. 21, 2021), available at https://www.sec.gov/news/press-release/2021-268.