Securities and Exchange Commission Chairman Mary Schapiro announced Tuesday that Didem Nisanci has been named SEC Chief of Staff.

Nisanci has recently served as Director for the Senate Banking Subcommittee on Securities, Insurance, and Investment.

In this position, she played a key role in the successful Congressional effort to increase the SEC's budget for fiscal year 2009 in order to enhance the agency's risk management, examination, and enforcement efforts.

During her tenure, the subcommittee held hearings examining the root causes of the financial crisis, over-the-counter derivatives, credit rating agencies, risk management, consolidated supervised entities, and off balance sheet accounting.

Nisanci also served as a lead staff negotiator for key provisions of the Emergency Economic Stabilization Act of 2008 and the Housing and Economic Recovery Act of 2008.

I am pleased Didem has agreed to bring her extensive background, knowledge, experience, and leadership skills to the SEC during this critical time, Schapiro said.

Didem has been vital to Senate oversight of the SEC during the past few years, and now she will help lead the agency as we work with other financial regulators and Congress to improve investor confidence in the markets.

I am honored to have the opportunity to join the SEC and its team of talented and dedicated professionals, Nisanci added.

These are extraordinary economic times and the commission plays a vital role in improving investor protections and bolstering our financial markets. Under Chairman Schapiro's stewardship, and together with the commission's dedicated staff, we will build a stronger SEC.

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