Paul F. Roye

Paul Roye is the Director of the Division of Investment Management of the U.S. Securities and Exchange Commission, appointed November, 1998. He is among the most senior financial services regulators in the United States, with principal oversight for the $7 trillion mutual fund industry and public utility holding companies. Prior to becoming Director, he was a partner in the Washington office of the law firm of Dechert Price & Rhoads, where he was a member of the Firm's Financial Services, Investment Management and Corporate Securities Practice Group, specializing in the area of institutional investor law. His practice involved providing advice and assistance to a wide variety of domestic and foreign investment companies, as well as investment advisers, broker-dealers, banks and insurance companies. Mr. Roye holds a J.D. degree from the University of Michigan Law School, Ann Arbor, Michigan where he was Note and Comment Editor of the University of Michigan Journal of Law Reform. He also holds an A.B. degree, cum laude, from Dartmouth College, Hanover, New Hampshire. Prior to joining Dechert Price & Rhoads in 1982 as an associate, he was a Staff Attorney with the Division of Investment Management. Mr. Roye is admitted to practice law in the District of Columbia and is a member of the District of Columbia Bar Association.