Securities and Exchange Commission Chairman Christopher Cox announced that Wall Street fund lawyer Andrew "Buddy" Donohue will join the agency as the next director of the Division of Investment Management.
"Buddy brings invaluable expertise and three decades of experience with mutual fund regulation to our investor protection mission," Cox said in a statement. "His knowledge will help ordinary American investors get the information they need. I know that he is committed to promoting effective mutual fund governance, sturdy compliance and plain-English information for mutual fund and ETF purchasers."
Donohue, 55, is currently global general counsel for Merrill Lynch Investment Managers. Prior to his service at Merrill Lynch, Donohue spent more than a decade at Oppenheimer Funds and worked as a corporate and securities law partner with the firm of Kraft & McManimon (now McManimon & Scotland LLC) in Newark, N.J. SEC veteran Meyer Eisenberg began serving as the division's interim director since last week, filling in for Paul Roye, who left the SEC for a job in the private sector.
Donohue will be sworn into the office on May 15. His appointment still leaves Cox with a number of slots to fill, including the chairman of the Public Company Accounting Oversight Board and the SEC's chief accountant slot. Separately, the Internal Revenue Service announced that Sarah Hall Ingram has been appointed to the position of chief of appeals.
Ingram will replace David Robison on May 7. As the head of the agency's appeals division, she will be responsible for overseeing the operations of an administrative forum for taxpayers contesting an IRS compliance action. The division's mission is to resolve tax disputes without litigation and provide an independent administrative appeal process for all taxpayers.
Since July 2004, Ingram has been serving as deputy commissioner of the Tax Exempt/Government Entities Division. She began her career with the IRS in the former Tax Litigation Division in 1982. Robison, who will retire May 6, has served 35 years with the IRS and also coordinated IRS support for President Bush's tax reform panel.
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