The Securities and Exchange Commission announced this week that its head of international corporate finance will be departing the agency.
According to an SEC announcement, Chief of the Office of International Corporate Finance Paul Dudek, in the agency's Division of Corporation Finance, will leave today (Friday, June 30). He had held the position for more than two decades, reports said, guiding the SEC's collaboration with non-U.S. companies that register securities with the agency.
In a statement, the SEC's Director of the Division of Corporation Finance Keith Higgins said Dudek was instrumental in his post.
"Paul has played a key role with respect to registered offerings by hundreds of foreign companies and provided valuable advocacy on a large number of rulewriting projects that have had a special impact on foreign registrants," Higgins stated.
Dudek, meanwhile, described his time at the SEC as an "honor."
"It's been a great honor to serve at the SEC for such a long time during which the global capital markets have changed dramatically," the outgoing official said. "I have been privileged to work with numerous talented and dedicated staff members and contribute to the Commission's important international work."
The SEC did not say where Dudek will be going following his departure.