Former SEC Chief Accountant Jaime Eichen rejoins EY

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Jan 12, 2015, 10:00 ET

NEW YORK, Jan. 12, 2015 /PRNewswire/ -- Jaime L. Eichen, former Chief Accountant for the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC), has rejoined EY as a Partner in the Professional Practice Group with a focus on the Wealth and Asset Management sector.

"We are extremely pleased that Jaime is returning to EY and will join our Wealth and Asset Management team to share her extensive regulatory experience with our clients," said Tom Flannery, a Partner with Ernst & Young LLP and EY Americas Co-leader, Wealth and Asset Management. "The wealth and asset management sector has rebounded from the global financial crisis to face a rapidly evolving regulatory environment and continued industry convergence. Organizations are keenly focused on efficiently adapting to change, managing complex risks and growth in an increasingly crowded field. Jaime's deep experience with regulatory issues can help clients succeed."

At the SEC, Eichen was responsible for interpreting new accounting and auditing regulations and directing the financial reporting, accounting and auditing practices of investment companies in compliance with the federal securities laws. She worked closely with other Divisions and Offices within the SEC including the Division of Enforcement, the SEC's Office of the Chief Accountant and the Office of Compliance Inspections and Examinations, where she provided accounting and auditing guidance on numerous practice issues. She also served for more than three years as an Assistant Chief Accountant for the Division of Investment Management at the SEC.

Prior to joining the SEC in 2008, Eichen was a Senior Manager at EY and provided assurance services to asset management clients, including mutual funds, hedge funds, private equity funds, investment advisers and general partners. She also worked in EY's Professional Practice Group where she assisted in providing technical consultations to the asset management practice.

"I look forward to helping EY anticipate market trends, identify their implications and develop points of view on relevant sector issues for clients," said Eichen. "Working together, we can help clients meet goals and compete more effectively."

Eichen is licensed as a Certified Public Accountant in New York and received her Bachelor of Science degree in Business Administration with a concentration in Accounting from Bryant University. Eichen is also a frequent speaker at regional and national conferences discussing investment company accounting and auditing rules, as well as industry practice issues.

EY is a leader in serving the global financial services marketplace

Nearly 35,000 EY financial services professionals around the world provide integrated assurance, tax, transaction and advisory services to our wealth, asset management, banking, capital markets and insurance clients. In the Americas, EY is the only public accounting organization with a separate business unit dedicated to the financial services marketplace. Created in 2000, the Americas Financial Services Office practices today include more than 6,500 professionals at member firms in over 50 locations throughout the US, the Caribbean and Latin America.

EY professionals in our financial services practices worldwide align with key global industry groups, including EY's Global Wealth & Asset Management Center, Global Banking & Capital Markets Center, Global Insurance Center and Global Private Equity Center, which act as hubs for sharing industry-focused knowledge on current and emerging trends and regulations in order to help our clients address key issues. Our practitioners cover many disciplines and provide a well-rounded understanding of business issues and challenges, as well as integrated services to our clients.

With a global presence and industry-focused advice, EY's financial services professionals provide high-quality assurance, tax, transaction and advisory services, including operations, process improvement, risk and technology to financial services companies worldwide.

About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

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This news release has been issued by Ernst & Young LLP, a member of the global EY organization that provides services to clients in the US.

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