SEC Recruits Goldman Executive
October 17, 2009 by Stephen Kersey
Filed under Business
Goldman Sachs Group Inc. executive Adam Storch has been tapped by the Securities and Exchange Commission to serve as its chief operating officer of the enforcement division. Storch will be the first person to ever hold the position as the SEC continues to shift its personnel in order to enhance its operations.
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Robert Khuzami, the SEC’s Enforcement Division Director, announced earlier this year that his division would be undergoing a major restructuring effort, one that included the creation of Storch’s new post. Storch’s responsibilities will include overseeing the division’s budget, information technology, and administrative services. He will also be in charge of the division’s efforts to distribute fair funds to wronged investors.
According to Khuzami, Storch was selected for his “skill in technology systems, workflow process, and project management,” also stating that Storch “will help to make us more efficient and nimble and permit us to put more of our investigators on the front lines to detect and stop fraud.”
