Annette Nazareth is Managing Partner of Davis Polk & Wardwell’s Washington, D.C. office, where she leads the firm’s Trading and Markets practice. She is an experienced financial markets regulator and recognized authority on regulatory issues. She is a former member of the U.S. Securities and Exchange Commission, where she served as Senior Counsel to Chairman Arthur Levitt and then as Interim Director of the Division of Investment Management. She served as Director of the Division of Market Regulation from 1999 to 2005, and in 2005 she was appointed an SEC Commissioner. As commissioner, she worked on numerous groundbreaking initiatives, including execution quality disclosure rules, implementation of equities decimal pricing, short sale reforms, corporate debt transparency rules and modernization of the national market system. Nazareth also served as the Commission’s representative in international meetings as a member of the Financial Stability Forum from 1999 to 2008.