SEC Names New Associate Directors in Division of Trading and Markets' Office

Investing

Published: October 21, 2015 1:10 pm

The U.S. Securities and Exchange Commission (SEC) announced that it has named Wenchi Hu and Christian Sabella as associate directors in the Division of Trading and Markets’ Office of Clearance and Settlement.

As Associate Director, Risk and Supervision, Hu will oversee supervision of registered clearing agencies. Over time, these have expanded to include firms that clear securities-based swaps. She was formerly an assistant director in the Office of Clearance and Settlement when she joined the SEC in 2011 as a senior special counsel in the Office of Compliance Inspections and Examinations.

Hu commented:

I am honored to take on this new role and I look forward to continuing to work together with my talented and dedicated colleagues to help advance the agency’s mission.

As for Sabella, he will lead a team that develops recommendations for commission policy and rule making regarding clearing agencies, transfer agents, security-based swap data repositories and a variety of other financial market infrastructure. He joined the SEC in 2011 as a branch chief in the division’s Office of Trading Practices and was a special counsel to the division director from July 2013 to April 2015.

Sabella said:

I am humbled to take on this new role and would like to express my deep respect and appreciation for my colleagues in the division and throughout the agency. I look forward to continuing with them the critical work the Commission performs on behalf of our markets, investors, and the public interest.

The director of the Division of Trading and Markets, Stephen Luparello, had this to say:

Wenchi and Christian bring an excellent blend of experience and expertise into their new positions. Their skills and abilities complement each other in a way that will well serve investors and the agency.

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