Silver Lake, the second-biggest private equity firm focused on technology, hired the former head of the Securities and Exchange Commission’s Philadelphia office to oversee compliance, joining Blackstone Group LP and KKR & Co. in tapping ex-SEC lawyers for such roles.
Sharon Binger joined the company’s office in Menlo Park, California, and replaces Sahil Desai, who left last summer to work at First Republic Bank, according to people with knowledge of the move, who asked not to be named because the hire hasn’t been announced. Binger left Wall Street’s main regulator last month after joining the agency’s enforcement division in 2008.
‘Enforcement 40’ for 2020
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