Noam Champ was named the new director of the SEC’s Investment Management Division, which regulates federally registered investment advisers and investment companies. Champ replaces Eileen Rominger, who is retiring. Previously, Champ was general counsel for 10 years as well as a member of the executive committee and a partner at investment management firm Chilton Investment Company, a multi-national adviser to private funds and managed accounts.
Independent investment research firm Morningstar has promoted several execs within its fund analyst team, including Scott Burns, the new director of fund analysis. Burns previously served as director of ETF, closed-end and alternative fund research. Michael Herbst was promoted to director of active strategy research, while Paul Justice and Ben Johnson will co-lead coverage of passive strategy research. Nadia Papagiannis will continue to lead alternative fund research, and Laura Lutton will lead fund-of-fund research.
Byron Bowman has joined fi360, a group that provides consulting to financial advisors on fiduciary issues, as general counsel and corporate secretary. Most recently, he ran his own law practice in Chicago. He specializes in federal securities and banking law, ERISA and the fiduciary standard.