The Securities and Exchange Commission (SEC) announced that three experts in the fields of risk management, structured finance and corporate transactions have been named to senior positions at its newly-established division of risk, strategy, and financial innovation.  

The division was created in September to enhance the agency's capabilities and help identify developing risks and trends in the financial markets. 

The division's new senior officials are Richard Bookstaber. He has been appointed a senior policy advisor. Bookstaber served as the managing director in charge of firm-wide risk management at Salomon Brothers, director of risk management at Moore Capital Management, and Morgan Stanley's first market risk manager.

He is the author of three books and a number of articles on finance topics ranging from option theory to risk management, and has received various awards for his research.  

Adam Glass has been appointed as counsel. Glass comes to the SEC from Linklaters, where he founded its structured finance and derivatives practice. Previously he was a partner at Sidley Austin Brown & Wood.  

Bruce Kraus has also been appointed a counsel. Kraus comes to the SEC from Willkie Farr & Gallagher, where he practiced corporate and securities law for more than 20 years. His practice included mergers and acquisitions transactions and other corporate finance work.  

All three will report to Henry Hu, director of the SEC's division of risk, strategy, and financial innovation.

 

 

 

 

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