SEC Announces New Division of Risk, Strategy, and Financial Innovation

SEC appoints University of Texas School of Law Professor Henry T. C. Hu as the first director of the newly created division of Risk, Strategy, and Financial Innovation.

From the press release:

Washington, D.C., Sept. 16, 2009 — Securities and Exchange Commission Chairman Mary L. Schapiro today announced that University of Texas School of Law Professor Henry T. C. Hu has been named Director of the newly-established Division of Risk, Strategy, and Financial Innovation.

The new division combines the Office of Economic Analysis, the Office of Risk Assessment, and other functions to provide the Commission with sophisticated analysis that integrates economic, financial, and legal disciplines. The division's responsibilities cover three broad areas: risk and economic analysis; strategic research; and financial innovation.

Read the complete press release here.