Ariel’s compliance department is run by Wendy D. Fox. Wendy is a 16-year SEC veteran who has served as Chief Compliance Officer (CCO) for the firm and Ariel Distributors, LLC (ADL) since October 2004, and as CCO for Ariel Investment Trust (AIT) since January 2014 and as CCO for Ariel Alternatives LLC and Project Black Management Company, LLC since February 2021.
As CCO for the firm, ADL, AIT, Ariel Alternatives and Project Black Management Company, Wendy manages the firm’s regulatory risk oversight as well as its investment advisory and broker-dealer compliance efforts and practices. Wendy works closely with all areas of the firm to assist in the enhancement of each department’s compliance procedures in addition to the firm’s interdepartmental procedures.
Prior to Ariel, Wendy spent 16 years working for the U.S. Securities and Exchange Commission’s regional office in Chicago, where she was attorney-adviser for the Branch of Investment Management Examinations, ethics liaison officer and senior attorney for the Division of Enforcement. Beyond Ariel, Wendy sits on the board of directors of The ARK, a nonprofit organization providing free social and medical services to members of Chicago’s Jewish community. Wendy earned a BA in English literature from the University of Michigan and a JD from Washington University in St. Louis.