Richard F. Sennett has been named the new Chief Accountant of the Division of Investment Management. As Chief Accountant, Mr. Sennett will be primarily responsible for overseeing the financial reporting and accounting practices of registered investment companies.

Since 2002, Mr. Sennett has been an Assistant Chief Accountant in the Division of Investment Management where he has worked on a variety of accounting issues related to investment companies. He was instrumental in developing and implementing the Division's Sarbanes-Oxley annual report review process. Prior to coming to the Commission, he was Vice President and Senior Manager for Fund Accounting at Deutsche Bank Global Fund Services.

Mr. Sennett, 36, graduated with a Bachelor of Business Administration degree in accounting from Loyola College in Maryland in 1992 and is a Certified Public Accountant. He succeeds Brian Bullard who left the Commission in December 2006.

Please click http://www.sec.gov/news/press/2007/2007-61.htm to access the press release announcing the appointment.