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WASHINGTON (AP) - Andrew Donohue, a Wall Street attorney, has been named the new director of the Securities and Exchange Commission division that oversees mutual funds and hedge funds, the agency said Monday.
The appointment by SEC Chairman Christopher Cox fills one of several high-level vacancies. The investment management division has been without a director since Paul Roye left about a year ago.
Donohue, 55, is general counsel of Merrill Lynch Investment Managers, a position in which he oversees the brokerage house's legal and regulatory compliance for more than $500 billion in assets, including mutual funds, bond funds and hedge funds, according to the SEC. Before that, he spent more than a decade as executive vice president, general counsel, director and member of the executive committee of Oppenheimer Funds.
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