Portland, ME, November 7, 2019 – The U.S. Securities and Exchange Commission (SEC) has appointed an R.M. Davis executive to join the newly formed Asset Management Advisory Committee. Scot Draeger, President-Elect, Director of Wealth Management, General Counsel, and Chief Compliance Officer for R. M. Davis is joining the Committee, which has been chartered by the U.S. Congress.
The Committee 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 the firm,” noted Draeger, who has been with R.M. Davis since 2017. “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, 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.
About R. M. Davis
R. M. Davis is a nationally recognized wealth management firm with offices in Portland, Maine and Portsmouth, New Hampshire. Generations of investors have turned to R. M. Davis for investment and wealth management, trust management, and personal finance needs. The R. M. Davis team simplifies clients’ lives through an integrated, problem-solving approach to the accumulation, protection, and transition of their wealth. Founded in 1978 by Robert M. Davis, the independent, privately held firm has more than $4 billion in assets under management. Learn more at www.rmdavis.com.
Leave a Reply.