Mark Flannery, a professor of finance at the University of Florida Warrington School of Business Administration, has been named chief economist and Division of Economic and Risk Analysis director at the Securities and Exchange Commission.
“Professor Flannery is a widely respected economist with extensive experience in many areas relevant to the SEC’s mission, including the regulation of financial institutions, corporate finance, private funds, and credit ratings agencies,” Mary Jo White, SEC chair, said Monday.
Flannery will take over from acting DERA co-directors Scott Bauguess and Jennifer Marietta-Westberg in September and officially replace former director Craig Lewis, who now teaches finance at Vanderbilt University.
As DERA director, Flannery will lead the division in providing information to guide SEC policymaking and rulemaking, enforcement and examinations.
He has taught at the University of Florida since 1989, and was also a professor at the University of North Carolina at Chapel Hill and the University of Pennsylvania, among others.
Flannery is a Model Validation Council member at the Federal Reserve, a senior adviser at the Office of Financial Research of the Treasury Department and a member of the advisory committee at the Federal Reserve Bank of Atlanta’s Center for Financial Innovation and Financial Stability.