The Division of Trading and Markets at the U.S. Securities and Exchange Commission has two new senior leaders - Peter Curley as associate director for clearance and settlement and Brian Bussey as associate director for derivatives policy and trading practices.
A former partner at Allen & Overy, Curley most recently was an attorney fellow in the Division of Trading and Markets. Prior to joining the SEC, he was head of corporate strategy and IPO regulation with Hong Kong Exchanges and Clearing Ltd.
The Office of Clearance and Settlement has been given significant new duties under the Dodd-Frank Act to oversee security-based swap data repositories.
“I am pleased to welcome Peter to this important role,” said Robert Cook, director of the Division of Trading and Markets, in a news release. “His significant expertise in both the securities and derivatives markets together with his senior management experience in the exchange industry makes him a tremendous asset for the clearing and settlement program.”
Bussey since September 2009 has served as associate director for trading practices and processing in the trading and markets division, where he led efforts to establish an Office of Derivatives Policy and expand the clearance and settlement program.
In his new job with the Office of Derivatives Policy and Trading Practices, he’ll help oversee implementation of new Dodd-Frank rules related to short selling and market manipulation.
Prior to joining the SEC in 1998, Bussey was an associate at Kirkland & Ellis in Chicago.
“Brian played a transformative role during his tenure as associate director for trading practices and processing through his leadership, vision, creativity, and drive,” Cook said. “His ability to identify and recruit talent and build teams has resulted in a new derivatives policy program and a revitalized and significantly expanded clearance and settlement program within the division.”