The SEC today announced that Marc Wyatt, Director of the Office of Compliance Inspections and Examinations, will leave the agency next month to return to the private sector. Pete Driscoll, OCIE’s Chief Risk and Strategy Officer, will become the acting director.

Mr. Wyatt joined the SEC in December 2012 as a senior specialized examiner and co-founded the Private Fund Unit within OCIE. He was named Deputy Director in October 2014 and served as Acting Director in April 2015 before being named Director in November 2015.

Under Mr. Wyatt’s leadership:

• Commission staff significantly increased its examinations, with over 2,400 examinations conducted in fiscal year 2016 – a 20% increase over fiscal year 2015;
• By the end of fiscal year 2016, OCIE completed a reallocation of resources within the examination program that, along with focused hiring, resulted in increasing the size of the investment adviser and investment company examination staff by more than 20% as compared to the prior year in response to rapid industry growth;
• OCIE created the Office of Risk and Strategy which combined the various quantitative teams and risk professionals across OCIE into one unit to significantly increase technology-based approaches to identify risks among SEC registrant populations.

Before coming to the SEC, Mr. Wyatt was a principal and senior portfolio manager of a global multi-strategy hedge fund. Prior to that, he was a senior investment banker in the U.S. and U.K.  Mr. Wyatt is a Chartered Financial Analyst. He graduated from the University of Delaware with a BS in economics and holds an MBA from Duke’s Fuqua B-School.

PETER DRISCOLL.    Mr. Driscoll was previously OCIE’s managing executive from 2013 through early 2016. He joined the Agency in 2001 as a staff attorney in Enforcement for the Chicago Regional Office and was later a Branch Chief and Assistant Regional Director in OCIE. Mr. Driscoll began his career with Ernst & Young and held several accounting positions in private industry – all prior to joining the SEC.