Goldman executive named as SEC investment chief

WASHINGTON — A Goldman Sachs executive has been named to head the division of the Securities and Exchange Commission that oversees mutual funds and investment advisers.

The agency said Tuesday that Eileen Rominger will become director of investment management, replacing Andrew "Buddy" Donohue, who left the SEC in November. Rominger has worked for nearly 30 years as a portfolio manager and leader of asset management teams. She worked for 11 years at Goldman Sachs Asset Management, most recently as its global chief investment officer.

Prior to that, Rominger worked at Oppenheimer Capital. She has a degree in English from Fairfield University and an MBA in finance from the Wharton School of Business at the University of Pennsylvania.