Norm Champ has been announced as the next Director of the SEC's Division of Investment Management. He will begin his duties on July 9th and succeeds Eileen Rominger who is retiring. Mr. Champ has been serving as Deputy Director of the SEC's Office of Compliance Inspections and Examinations (OCIE). Prior to joining the SEC staff in 2010, Mr. Champ was general counsel for 10 years as well as a member of the executive committee and a partner at investment management firm Chilton Investment Company, a multi-national adviser to private funds and managed accounts.