Saturday, October 17, 2009
Goldman Exec Named First COO of SEC Enforcement
A Goldman Sachs executive has been named the first chief operating officer of the Securities and Exchange Commission's enforcement division.
The market watchdog agency said Friday that Adam Storch, 29, who worked at Goldman Sachs for the last 5 years, will be assuming the new position of managing executive of the SEC division.
Along with the enforcement division's deputy director, Storch also will supervise the SEC's Office of Market Intelligence, with an eye to improving the monitoring, collection and analysis of the hundreds of thousands of tips and complaints the agency receives annually.
Storch has a strong background in technology systems and project management, SEC Enforcement Director Robert Khuzami said in a statement. ''He showed me his Facebook page, knows how to use Twitter from both his netbook and cellphone, and rearranged the icons on my computer,'' Khuzami said.
What a COO [COUP!] for Goldman!