The Securities and Exchange Commission has appointed Gregg Berman associate director for its new analytics and research office, which the agency launched in 2012 to use data analytics in helping make policy decisions.
Berman will oversee the office as it conducts research and analysis with the goal of forming policies on market and market structure, the agency said.
The agency has acquired a market data system for the office to analyze trading.
Berman joined the agency in October 2009 as a senior adviser in the division of risk, strategy and financial innovation and has served in the same capacity to the director of the trading and markets division since June 2010.
âIn his time at the SEC, Gregg has worked on many complex issues, including an analysis of the causes of the May 6, 2011, âflash crash,â on rulemaking to create a consolidated audit trail, and on the many new rules for derivatives trading required by the Dodd-Frank Act.â
âI am excited to take on these new responsibilities and honored to have the opportunity to continue working with such a talented and dedicated set of colleagues, both within the division and across the entire SEC,â Berman said. âThough the markets may be complex, they are not impenetrable, and I am confident in our abilities to continue developing data-driven analyses to inform policy.â
Before joining the SEC, he held an 11-year career atÂ New York-based RiskMetrics Group and also served as a co-founding partner.
That company focuses on risk management, corporate governance and financial research and analysis.
Coverage of SEC executive appointments:
SEC Names Paul Beswick Accounting Lead; Elisse Walter Comments