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May 4, 2011

PwC poaches Gillan from SEC

Securities and Exchange Commission (SEC) deputy chief of staff Kayla Gillan has joined PwC US.

Gillan has been hired as a principal to the newly created regulatory relations group, which is part of the firm’s assurance practice.

At the SEC for three years, Gillian worked on creating the regulators Investor Advisory Committee, facilitating field hearings on the state of the municipal securities market and co-ordinating the SEC’s implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Prior to this, Gillan was a founding board member of the Public Company Accounting Oversight Board, where she spent four years.

PwC US chairman and senior partner Bob Moritz said as investors deal with more demands for timely and relevant high quality information, the firm is accelerating its audit quality initiatives to better serve stakeholders. 

“Kayla Gillan is an example of making the investment to drive this transformation,” Moritz added.

SEC chairman Mary Schapiro has appointed James Burns as Gillan’s replacement.

Burns has been working at the SEC since 2010, focusing the division of trading and markets.

Schapiro said Burns has “a deep understanding of the workings of the commission and has played an instrumental role in the implementation of the financial reform legislation”.  

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