Andrew Bowden is stepping down as director of the SEC’s office of compliance inspections and examinations, the agency announced Tuesday.
Mr. Bowden will return to the private sector at the end of the month, the Securities and Exchange Commission said in a news release.
Mr. Bowden joined the SEC in November 2011 as national associate for the exam program for investment advisers and companies. He became OCIE deputy director in 2012 and director in June 2013. SEC Chairwoman Mary Jo White said in a statement that under his leadership, the division “has effectively engaged with investors and the industry to promote compliance, worked to detect and prevent fraud, and advised the commission on policy issues and developing risks.”
During his tenure, Mr. Bowden was involved in data analysis leading to more targeted examinations, a “presence exam” initiative to guide newly registered investment advisers, identifying fees paid to investment advisers and mutual funds, and more sharing of the information collected by his division.
His replacement has not been named.
Before joining the SEC, Mr. Bowden held several positions with Legg Mason Capital Management.