The US Securities and Exchange Commission (SEC) has announced that Todd Scharf will take on the role of CIO in its Office of Information Technology.
Scharf, who will also be an associate director of the SEC, joined the regulator in 2009 as the assistent director of Corporate Information Security. The SEC identifies him as being a key driver for its elimination of material weaknesses in its technology infrastructure.
The move is the latest in a number of shuffles at the SEC. Earlier this week, SEC chief Mary Schapiro announced her resignation, with Elisse Walter taking over at the top. Permanent candidates, which will require Congressional approval, are already jockeying for the role.
More from Sell Side Technology
Updating your subscription status
Winner's Announced: Sell-Side Technology Awards 2015
The winners of the 3rd annual Sell-Side Technology Awards 2015 were announced in New York on April 21, recognizing the leading third-party vendors serving the sell side in their area of expertise, through an auditable and transparent methodology. To view the winners across the 28 categories click here.
The catalyst for change in client reporting is a more empowered, digitally aware consumer. Excellence of service delivery will be key to investment managers...
Without a consistent source of data and limited functionalities in existing systems, firms are unable to perform tasks that are becoming increasingly important...