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Tuesday, March 20, 2018

Dave Grim Returns

Reported by Neil Anderson, Managing Editor

Dave Grim and one of his former top lieutenants are back, this time with a mutual fund industry law firm.

Grim, former Director of the SEC's Division of Investment Management, and Sara Crovitz, former Deputy Chief Counsel and Associate Director for the division, recently joined Stradley Ronon as partners in its Washington, D.C. office, confirms Philadelphia-based Bruce Leto, co-chair of the law firm's investment management group.

Leto calls Crovitz and Grim "the latest strategic hires" for the group, and he praises the duo's "impressive SEC backgrounds and experience." Bill Sasso, chairman of all of Stradley Ronon, calls the move an augmentation of Stradley Ronon's "premier investment practice group," and he praises the duo's "years of SEC experience handling complex legal matters and providing high-quality guidance."

Crovitz praises Stradley Ronon as "a fantastic asset management law firm" with a "great crew of people already there." Three other former SEC attorneys already work in Stradley's Washington, D.C. office, Crovitz says.

"It was a pretty easy decision to go there," Crovitz tells MFWire. "I'll be doing all kinds of registered investment company and investment advisor issues."

Crovitz also expects to support Stradley Ronon's global client base with international issues, an area she led back at the SEC's division of investment management.

Grim, an alumnus of both Duke University and of George Washington University, left the SEC last September after a 22-year career in the regulatory agency's investment management division. He first joined in 1995, and he eventually rose to lead the division in 2015.

Crovitz, an alumnus of the University of Chicago, first joined the SEC in 1996, and joined the investment management division three years later. Prior to the SEC she worked at Steptoe & Johnson.

Stradley Ronon's investment management group works with more than 1,500 funds with combined AUM of more than $2 trillion. 

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