The Securities and Exchange Commission (SEC) has appointed Peter J. Curley as associate director for clearance and settlement in its Division of Trading and Markets.
Curley will oversee the division’s clearance and settlement program, which has been expanded significantly over the past two years. Traditionally focused on securities clearing agencies and transfer agents, the Office of Clearance and Settlement is now also responsible for implementing Dodd-Frank regulations for clearing agencies that clear security-based swaps, and will be responsible for overseeing security-based swap data repositories.
“I am pleased to welcome Peter to this important role,” says Robert Cook, director of the SEC’s Division of Trading and Markets. “His significant expertise in both the securities and derivatives markets together with his senior management experience in the exchange industry makes him a tremendous asset for the clearing and settlement program.”
Curley has been an attorney fellow in the Division of Trading and Markets since August 2010. Previously, he was a senior executive with Hong Kong Exchanges and Clearing Limited, the securities and futures exchange, where he served as head of corporate strategy and head of IPO regulation.
“I am honored to have been asked to take on these new responsibilities as Associate Director, says Curley. I know from personal experience that everyone in the Office of Clearance and Settlement is enormously talented, dedicated and committed. I am excited about continuing my work with this team and the rest of the Commission staff in this new role.”
Curley holds an MBA from the Massachusetts Institute of Technology, a JD from the University of Virginia School of Law and a BA from Colgate University.
(CG)