Legg Mason's Bowden named to head SEC exam program

The U.S. Securities and Exchange Commission said Andrew J. Bowden will join the agency as an associate director to lead the National Investment Adviser/Investment Company Examination Program. Bowden, who will take the post in the Office of Compliance Inspections and Examinations on Nov. 1, joins the SEC from Legg Mason Inc., where he held senior executive positions in its legal/compliance and business units, the agency said in a statement today. He will oversee a staff of about 450 lawyers, accountants, and examiners responsible for inspecting U.S.- registered investment advisers and firms, the SEC said. --Bloomberg News--