Yesterday, C. Dabney O’Riordan of the SEC’s Los Angeles Regional Office was named co-chief of the Division of Enforcement’s Asset Management Unit. She fills the co-chief role left vacant when Marshall Sprung left the agency in April 2016 to join Blackstone Group LP as a managing director and the firm’s global head of compliance.
As co-chief of the AMU along with the SEC’s Anthony Kelly, O’Riordan will lead the specialized unit that focuses on investigations involving Investment Advisors, Investment Companies, Hedge Funds, and Private Equity Funds, and will head up a nationwide staff of nearly 80 attorneys, industry experts, and other professionals. In naming her as co-chief, Andrew J. Ceresney, Director of the SEC’s Enforcement Division, cited O’Riordan’s excellent judgment, deep knowledge of the laws and rules governing the asset management industry, and strong leadership skills. He added that he was confident that O’Riordan and Kelly “will be great partners in the unit’s mission and the SEC’s efforts to root out misconduct in the asset management industry.”
