Washington (July 2, 2004) -- The Securities and Exchange Commission appointed Fidelity Investments vice president Charles A. Fishkin as director of the regulator’s newly formed risk assessment office.

In his new role, Fishkin 44, will manage and coordinate overall risk assessment programs and activities. He will report directly to SEC chair William H. Donaldson, who labeled Fishkin “an excellent choice” to spearhead the fledgling program at the corporate watchdog.

Fishkin most recently served as vice president of firmwide risk at Fidelity Investments in Boston. In that role, he was part of the firm's risk oversight unit, helping the financial services conglomerate manage risk across its mutual fund, brokerage and employee benefits units.

Once aboard at the SEC, Fishkin will oversee a $2.5 million budget and a five-member office. He was among 300 candidates interviewed for the new post. SEC officials said that the post was created in an effort to be proactive in recognizing problem areas before they mushroom.

-- WebCPA staff

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