US SEC Appoints Austin Gerig as Chief Data Officer - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

US Securities and Exchange Commission - VALIC

US SEC Appoints Austin Gerig as Chief Data Officer

January 21, 2020

SEC - Austin GerigThe Securities & Exchange Commission of USA, the primary regulatory body in US financial industry recently revealed the addition of new senior level executive to its team. As per statement released by the firm, it has promoted Dr. Austin Gerig to serve as its Chief Data Officer. Austin is currently serving as Assistant Director of the Office of Data Science in the Division of Economic and Risk Analysis – DERA at US SEC and will take on his new role from 3rd February, 2019. In his new role as Chief Data Officer, Austin will be responsible for developing the watchdog’s data management strategy and priorities and is also in charge of enabling data analytics to support enforcement, examinations and policy making. Austin is also responsible for ensuring that agency collects the required data to fulfil its mission while maintaining security effectively.

Austin began his term with DERA’s office of data science in September of 2016 and has led a team which is made of data scientists, data engineers, financial economists and research associates. However, he has been with the US regulatory body for nearly than five years now having joined DERA as a financial economist. Since then he has held multiple roles namely – co-chair of SEC’s data management working group and SEC’s representative on the financial stability board’s analytical group on vulnerabilities and its financial innovation group. Before building a career in US SEC, Dr. Gerig was a senior research fellow at the University of Oxford’s Said business school and did a post doctoral research fellow at the University of Technology in Sydney from 2008-2001. Prior to that, Austin did his PhD in Physics which he completed in 2007 from the University of Illinois at Urbana-Champaign.

Jay Clayton, SEC Chairman
Jay Clayton, SEC Chairman

Commenting on Austin’s promotion, Chairman Jay Clayton said, “I am pleased that Dr. Gerig has agreed to bring his broad experience in data strategy and management to this important new role for the Commission. He is well suited to further our efforts to ensure there is coherence between the information we collect and the information we need to carry out our mission. My colleagues at the Commission and I look forward to working with Austin as we strive to better both our use and our protection of data”.

Speaking on same topic, Kenneth Johnson COO at SEC added, “Dr. Gerig is already an important leader in the SEC’s data management initiatives. His demonstrated expertise and ability to collaborate make him the ideal choice to advance our data program, in service to America’s investors”.

Speaking about his new role, Austin said, “I’m honoured to serve the SEC in this newly established CDO role. I look forward to coordinating the efforts underway across the Commission in data management and analytics while also enhancing data security”.

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