Norm Champ is resigning from the SEC as director of investment management at the end of January, the Securities and Exchange Commission announced Wednesday.
Mr. Champ will be a visiting scholar at Harvard Law School, where he teaches a course on investment management law.
The SEC has not announced a successor. David Grim, who joined the SEC in 1995, is deputy director of the investment management division.
Mr. Champ has been with the SEC for five years, first as deputy director of the office of compliance inspections and examinations before taking over the investment management division in 2012. Before that, he was general counsel with Chilton Investment Co. and with the law firm Davis Polk & Wardwell. He was a board member of the Managed Funds Association from 2007 to 2009, and he was chairman of its investor protection task force.
SEC Chairwoman Mary Jo White praised Mr. Champ for numerous structural and policy changes, including more interdivisional cooperation and greater use of data analytics. “The commission has benefited greatly from Norm’s expertise and sound judgment, and we have been very fortunate to have had him work on behalf of U.S. investors and our markets,” Ms. White said in a statement. “His efforts on important rule-makings and the organizational changes he has put in place will leave a lasting mark on the commission.”