Goldman Exec Named SEC Enforcement COO

Another Goldman alumnus joined the public sector on Friday as Goldman Sachs Business Intelligence Group Vice President Adam Storch was named the first chief operating officer of the enforcement division of the SEC. Storch’s responsibilities will include the enforcement division’s project management and operations, as well as the supervision of the Office of Market Intelligence, which collects hundreds of thousands of tips for the SEC. He’ll report to the SEC enforcement director, former federal prosecutor Robert Khuzami, who said that Storch, with strong a background in technology systems and project management, will help the SEC—recently criticized heavily for letting Bernie Madoff’s Ponzi scheme continue for 20 years—become “more efficient and nimble.” Before his time at Goldman, Storch, a CPA, was a senior consultant at accounting firm Deloitte & Touche.