SEC Chair Appoints General Counsel, Other Senior Officials

By Andrew Ramonas, Bloomberg BNA 

SEC Chairman Jay Clayton tapped Willkie Farr & Gallagher LLP, Sullivan & Cromwell LLP and commission lawyers for general counsel and other senior agency posts.

New York lawyer Robert Stebbins will serve as general counsel after practicing law at Willkie as a partner, the Securities and Exchange Commission announced May 15.

Sean Memon, who was most recently an associate at Sullivan & Cromwell, will work as Clayton’s deputy chief of staff, the agency said separately. Jaime Klima, co-chief of staff under then-acting Chairman Michael Piwowar, will be Clayton’s chief counsel, the commission also said.

Stebbins will replace Sanket Bulsara, who served as the SEC’s acting chief legal officer after general counsel Anne Small left earlier this year.

Stebbins joined Willkie in 1993, becoming a partner in 2001.

He focused on mergers and acquisitions, SEC compliance and corporate governance, among other matters. His clients included Morgan Stanley, Fiat Chrysler Automobiles NV and Major League Baseball, according to his law firm biography.

Deputy Chief of Staff, Chief Counsel

As for his other new appointees, Clayton said Memon has “extensive knowledge of financial regulation and coordination across our various markets,” while Klima brings “legal acumen and experience.”

Memon focused on transactional and regulatory matters at Sullivan & Cromwell’s Washington office. He previously worked in the finance and acquisitions department of Time Warner Inc. and was an investment banking analyst at Raymond James & Associates Inc. and Morgan Stanley.

Klima was counsel to Piwowar and former Commissioner Troy Paredes before serving as co-chief of staff. She also was a lawyer at Wilmer Cutler Pickering Hale and Dorr LLP.

To contact the reporter on this story: Andrew Ramonas in Washington at aramonas@bna.com

To contact the editor responsible for this story: Phyllis Diamond at pdiamond@bna.com