The Securities and Exchange Commission has named Gregg Berman senior policy advisor in its newly established Division of Risk, Strategy, and Financial Innovation.

Berman comes to the SEC from the RiskMetrics Group, a company that focuses on risk management, corporate governance, and financial research and analysis. Berman held several senior positions during his 11-year tenure at RiskMetrics Group, most recently serving as the head of the global risk business. He also held positions in strategic development, and earlier served as the company's head of market risk. Prior to his work at RiskMetrics Group, Berman co-managed a private hedge fund, worked for an investment management company, and conducted research in experimental nuclear physics.

As Compliance Week previously reported, the newly created Division of Risk, Strategy, and Financial Innovation combines the Office of Economic Analysis, the Office of Risk Assessment, and other functions to provide the Commission with sophisticated analysis that integrates economic, financial, and legal disciplines. The Division's responsibilities cover three broad areas: risk and economic analysis; strategic research; and financial innovation. With the creation of the Division of Risk, Strategy, and Financial Innovation, the SEC now has five divisions including the Division of Corporation Finance, the Division of Enforcement, the Division of Investment Management, and the Division of Trading and Markets.