The Securities and Exchange Commission has appointed Paula Drake as chief compliance and ethics officer and chief counsel of the office of compliance inspections and examinations, (OCIE) effective Aug. 6. She will oversee a staff of eight lawyers and coordinate the efforts of attorney advisorys in the SEC's eleven regional offices.

Drake has extensive experience managing litigation, regulatory relationships, examinations, and audits and internal investigations. She most recently served as general counsel and chief operating officer at Oechsle International Advisors, where she was involved in all aspects of the investment management business, including registering investment advisers and establishing risk and compliance programs.

Before joining Oechsle, Drake was an attorney with law firm Ropes & Gray, and at Fidelity Investments.