Sanjay Wadhwa was named deputy director for the Securities and Exchange Commission's enforcement division, the agency said Wednesday.
Mr. Wadhwa will replace Kelly L. Gibson, the division's acting deputy director. He most recently served as the senior associate director of the enforcement division in the SEC's New York regional office, where he managed more than 150 personnel in enforcing federal securities laws.
His new role is effective immediately, the SEC said.
Ms. Gibson will continue to be an "instrumental" adviser, SEC Chairman Gary Gensler said in a statement.
"Over the hundreds of investigations he has overseen, Sanjay has helped the SEC root out wrongdoing, pursue charges against those who seek to manipulate or defraud investors and partner with criminal authorities to prosecute bad actors," Mr. Gensler said. "Sanjay's breadth of experience and dedication to protecting investors make him well qualified to serve as deputy director of the enforcement division. I look forward to working with him in his new role."
Mr. Wadhwa joined the SEC as a staff attorney in 2003.
Gurbir S. Grewal was named director of the enforcement division in June and started his new role in late July.
