Leveraging his more than 20 years of public service in the U.S. Securities and Exchange Commission’s Division of Investment Management — including his time as top regulator of the asset management industry — David Grim provides uniquely informed advice to some of the largest fund complexes and their boards in the world.
Dave is the co-chair of the firm’s nationally recognized investment management practice, overseeing approximately 75 lawyers across the firm’s offices. He is also the partner-in-charge of the firm’s Washington, D.C., office.
Advising on all aspects of investment management law, Dave serves as a go-to source for dealings with the SEC on behalf of registered investment advisers, funds, and independent directors and trustees of funds. In an ever-changing regulatory landscape, Dave regularly provides strategic advice to clients navigating SEC rules and regulations, examination and enforcement matters, and challenging governance matters.
An established thought leader in the asset management industry, Dave serves on the Investment Company Institute (ICI)’s steering committee advising on the modernization of the Investment Company Act of 1940 (’40 Act). He has been featured in The Wall Street Journal, Financial Times, BoardIQ, Fund Board Views and Ignites.
During his time at the SEC, Dave developed regulatory policy and legal guidance for the asset management industry, including with respect to exchange-traded funds (ETFs) and mutual funds, money market funds, fund boards, the compliance rules, SEC disclosure and reporting, liquidity and derivatives risk management, cybersecurity, and fiduciary duty. Dave joined the Division of Investment Management directly from law school and rose to become its leader. Prior to his appointment as director, Dave served in a number of other leadership roles including deputy director and assistant chief counsel.
Notably, Dave has served on leadership teams at both Stradley Ronon and the SEC when each received top workplace rankings.