Paul G. Cellupica has been named deputy director of the Securities and Exchange Commission’s (SEC) division of investment management, the agency announced Monday.
Cellupica will serve as a senior advisor to director Dalia Blass, and will oversee a number of the division’s strategic, rulemaking, and industry engagement initiatives. The division regulates investment companies, variable insurance products, and federally registered investment advisers.
“Paul’s extensive experience and knowledge of investor needs, and understanding of how the Commission and its staff operate, will be tremendous assets to the agency during a critical period of change and evolution in the investment management industry,” Blass said in a statement. “He is committed to advancing the SEC’s regulatory priorities in a thoughtful and strategic way, in order to promote the long-term interests of investors.”
Cellupica had previously served with the SEC between 1996 and 2004 in various capacities with the division of investment management and the division of enforcement, including a position as assistant director in the division of investment management from 2001 to 2004.
Prior to rejoining the SEC, Cellupica was managing director and general counsel for securities law at Teachers Insurance and Annuity Association of America (TIAA), where his responsibilities included legal support for the TIAA-CREF mutual fund complex.
“It’s a privilege to return to the Commission at a time of great importance for the country’s millions of investors who look to mutual funds and other investment products to help them prepare for retirement and other financial needs,” Cellupica said in a statement. “I am honored and excited to have the opportunity to work with Dalia and all of the other dedicated and talented professionals in the division of investment management and across the agency.”