On October 20, 2015, the SEC named Wenchi Hu and Christian Sabella as Associate Directors in the SEC’s Division of Trading and Markets. As Associate Director of Risk and Supervision, Ms. Hu will be responsible for supervising registered clearing agencies including those firms that clear securities-based swaps. Mr. Sabella will become Associate Director of Regulation, for which he will spearhead a team issuing recommendations for SEC policy and rulemaking focused on financial market infrastructure including clearing agencies, transfer agents and security-based swap data repositories. Ms. Hu joined the SEC in 2011 as a senior special counsel in the Office of Compliance Inspections and Examinations before moving to the Office of Derivatives Policy in the Division of Trading and Markets. Mr. Sabella joined the SEC in 2011 as a branch chief in the Office of Trading Practices.
The SEC press release is available at: http://www.sec.gov/news/pressrelease/2015-243.html.