SEC Appoints Haoxiang Zhu Director of Division of Trading and Markets

The SEC appointed Haoxiang Zhu, a professor of finance at the Massachusetts Institute of Technology, as Director of the agency’s Division of Trading and Markets, effective Dec. 10, 2021. David Saltiel, who has served as Acting Director of the Division for the past several months, has been appointed as one of the Division’s Deputy Directors and also will continue to lead the Office of Analytics and Research. Mr. Zhu is the Gordon Y. Billard Professor of Management and Finance and Associate Professor of Finance at the MIT Sloan School of Management. He also serves as a Research Associate at the National Bureau of Economic Research, Finance Department Editor at Management Science, and Associate Editor at the Journal of Finance. Mr. Zhu previously served as an academic expert for the Commodity Futures Trading Commission and the Bank for International Settlements and as a member of the Federal Reserve Bank of Chicago’s Working Group on Financial Markets. He earned a BA in mathematics and computer science from the University of Oxford and a PhD in finance from Stanford University Graduate School of Business. “I thank Chair Gensler for the opportunity to work alongside some of the brightest minds across our government in the Division of Trading and Markets,” said Mr. Zhu. “I am excited to help carry out a proactive rulemaking agenda to keep our markets operating efficiently and fairly.” David Saltiel, in addition to being appointed a Deputy Director of the Division of Trading and Markets, will continue to serve as head of the Office of Analytics and Research, a role he has held since 2016. Prior to joining the SEC, Mr. Saltiel was chief economist at the Municipal Securities Rulemaking Board. He received his undergraduate degree from Williams College and earned his master’s degree in economics from St. Antony’s College at the University of Oxford.