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The US Securities and Exchange Commission (SEC) has named a partner from Cleary Gottlieb Steen & Hamilton as its latest director of corporation finance.
Alan Beller, who has been a partner at the firm since 1984, will take over in January. He will also assume the new position of SEC senior counsellor. He joins the new chairman Harvey Pitt, who was the head of the Washington, DC office of New York's Fried Frank Harris Shriver & Jacobson, before moving to the SEC in the summer. The SEC said that the new position of senior counsellor has been created to take advantage of Beller's ability to contribute to all of the commission's work, not just within the division of corporation finance.
"Alan Beller brings the most distinguished breadth of experience ever to the position" Harvey Pitt, SEC
Beller is one of Cleary Gottlieb's leading corporate securities lawyers - he acted on the flotation of Goldman Sachs, the privatisations of Singapore Telecom and Korea Telecom, and on recent US listings of Deutsche Bank and Credit Suisse Group. In a statement, Pitt said: "The reform of the way in which capital is raised and corporate disclosures are made and disseminated is the most critical project on our current agenda. These undertakings are complex and challenging, and require the guidance of one of the world's foremost authorities on corporate and securities law. "Alan Beller brings the most distinguished breadth of experience ever to the position of director of corporation finance - a considerable accomplishment given the other notable lawyers who have served in this capacity." Beller has worked in Cleary Gottlieb's offices in New York, Paris and Tokyo and is also currently co-chair of the international subcommittee of the American Bar Association's Committee on Federal Securities Regulation.