The Securities and Exchange Commission announced that three experts in the fields of risk management, structured finance and corporate transactions have been named to senior positions at the SEC's 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:

Bruce Kraus has been appointed a counsel to the director. 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.

The Division of Risk, Strategy, and Financial Innovation 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.

To read the SEC's press release in its entirety, click here.

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