The U.S. Securities & Exchange Commission announced that Brian T. Daly will become Director of the Division of Investment Management, effective July 8, succeeding into the SEC’s senior leadership overseeing investment advisers and fund managers. Daly most recently served as a partner in Akin Gump Strauss Hauer & Feld LLP’s investment management practice in New York, advising investment advisers on compliance programs and on fund and management company formation, operational and trading issues, contentious matters, and transactions. His prior roles include nearly a decade as a partner at Schulte Roth & Zabel LLP, serving as a founding equity partner and chief legal and compliance officer at Kepos Capital, and holding general counsel and chief compliance officer positions at Millennium Partners, a Carlyle Group liquid markets fund manager, and Raptor Capital Management. SEC Chairman Paul S. Atkins linked the appointment to the agency’s approach to investment management oversight and the use of the public comment process. Daly is set to assume the role on July 8.
U.S. Securities & Exchange Commission 2025-06-13
U.S. Securities & Exchange Commission appoints Brian T. Daly to lead the Division of Investment Management from July 8
The U.S. Securities & Exchange Commission announced Brian T. Daly as the new Director of the Division of Investment Management, effective July 8. Daly, previously a partner at Akin Gump Strauss Hauer & Feld LLP, brings extensive experience in advising investment advisers and fund managers. SEC Chairman Paul S. Atkins highlighted the appointment's alignment with the agency's investment management oversight strategy.