The Securities and Exchange Commission has named Andrew "Drew" Bowden as director of its Office of Compliance Inspections and Examinations (OCIE) and will lead its national exam program.

Bowden, formerly OCIE's deputy director, succeeds Carlo di Florio, who moves on to the Financial Industry Regulatory Authority (Finra) as executive vice president. He will oversee its Office of Risk, Emerging Regulatory Issues, Enterprise Risk Management and Strategy.

Bowden, 51, has a career that includes 17 years at Legg Mason in a variety of legal, compliance and senior business roles related to Legg Mason’s broker-dealer and investment management businesses. He also served on the Board of Governors and Executive Committee of the Investment Advisers Association.

To read an FA interview with Bowden, click here.