The U.S. Securities and Exchange Commission (SEC) has appointed Scot Draeger, a 1999 graduate of the University of Maine School of Law, to join the newly formed Asset Management Advisory Committee. Draeger is President-Elect, Director of Wealth Management, General Counsel, and Chief Compliance Officer at R.M. Davis.
The Committee, which has been chartered by the U.S. Congress, is charged with providing independent counsel, advice, and recommendations to the SEC on various aspects of the global securities and asset management industries. Established for an initial two-year term, the Committee’s roster includes more than 20 prominent asset management industry experts from throughout the country.
“I am humbled by the appointment. This is truly an honor for me, and for R.M. Davis,” noted Draeger. “I’m eager to work with this distinguished body of industry professionals on behalf of the SEC, the industry, and the investing public. Among other things, we’ll be looking at issues such as the effects of globalization and changes in the role of technology in the securities markets, as well as systemic risks and conflicts of interest in the industry. The Committee incorporates perspectives from a range of outside experts—I’m looking forward to our research and recommendations.”
Prior to joining R.M. Davis in 2017, Draeger served for two decades in senior legal, business, and management roles at the U. S. Securities and Exchange Commission in Washington, D.C., Citigroup’s Corporate & Investment Bank in New York, and as Chairman of the Financial Services, Securities, and Asset Management Industry Groups at Bernstein Shur.
