Press Release: SEC Chairman Christopher Cox Appoints Andrew Donohue to Be the Commission's Next Director of the Division of Investment Management; 2006-52; Apr. 10, 2006
Andrew 'Buddy' Donohue was appointed Director of the SEC’s Division of Investment Management in 2006, bringing over three decades of expertise in mutual fund regulation and investor protection, with no fraud, charges, or misconduct alleged.
Andrew 'Buddy' Donohue was appointed by SEC Chairman Christopher Cox as Director of the Division of Investment Management on May 15, 2006, succeeding his role as Global General Counsel at Merrill Lynch Investment Managers, where he oversaw legal and compliance functions for over $500 billion in assets. The SEC highlighted his deep knowledge of the Investment Company Act and Investment Advisers Act, and his commitment to improving mutual fund disclosures through plain English language and interactive data technologies. No fraud, legal violations, or enforcement actions are mentioned—this was a routine personnel appointment recognizing his decades of regulatory experience in retail investor protection.
Andrew 'Buddy' Donohue was appointed Director of the SEC’s Division of Investment Management on May 15, 2006, following a distinguished career in mutual fund regulation and compliance. With over 30 years of experience, he previously served as Global General Counsel at Merrill Lynch Investment Managers, overseeing legal functions for more than $500 billion in assets, including mutual funds, hedge funds, and ETFs. Before that, he held senior legal roles at Oppenheimer Funds and First Investors Corporation, both major retail-focused asset managers. The SEC praised his expertise in the Investment Company Act and Investment Advisers Act, and his dedication to enhancing transparency through plain English disclosures and technology-driven improvements to investor information. Chairman Christopher Cox emphasized Donohue’s commitment to protecting retail investors and modernizing SEC disclosures using interactive data tools. There are no allegations of fraud, misconduct, or legal violations in the announcement—this was a non-adversarial appointment based on his regulatory pedigree. Donohue’s career has consistently focused on strengthening compliance and accessibility for individual investors, making him a trusted figure in fund regulation. His appointment was widely seen as a move to bolster investor confidence during a period of rapid market and technological change.
Extracted insights
- $500.00B $500 billion ≥$1B
- $150.00B $150 billion ≥$1B
- $5.00B $5 billion ≥$1B
- person andrew donohue
- company first investors corporation
- agency sec chairman christopher cox
- company senior vice president and general counsel for first investors corporation
- SEC Chairman Christopher Cox appoints Andrew Donohue as Director of the Division of Investment Management
- Andrew Donohue is Global General Counsel for Merrill Lynch Investment Managers
- Andrew Donohue oversees legal and regulatory compliance functions for over $500 billion in assets
- Andrew Donohue served as Executive Vice President and General Counsel for Oppenheimer Funds with $150 billion in managed assets
- Andrew Donohue earned J.D. from New York University School of Law in 1975
- Andrew Donohue earned B.A. cum laude from Hofstra University in 1972
- Andrew Donohue will be sworn in by Chairman Cox on May 15, 2006
- First Investors Corporation has more than $5 billion in assets in over 400,000 accounts
- Andrew Donohue served as Senior Vice President and General Counsel for First Investors Corporation
- Andrew Donohue was corporate and securities law partner with Kraft & McManimon
SEC Chairman Christopher Cox Appoints Andrew Donohue to Be the Commission's Next Director of the Division of Investment Management FOR IMMEDIATE RELEASE 2006-52 Washington, D.C., April 10, 2006 - Chairman Christopher Cox announced today that leading Wall Street fund lawyer Andrew "Buddy" Donohue will join the Securities and Exchange Commission as its 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," said Chairman Cox. "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. He will work to get investors more accurate and more timely information through the use of the latest technology. As a leader of the Commission, Buddy will be every retail investor's champion." "This is a great honor," Mr. Donohue said. "With increasing numbers of Americans investing in our growing capital markets, and with great revolutions in the markets underway because of new technology, this is a wonderful time to be given the opportunity to apply the lessons I've learned over the years to benefit all investors." Mr. Donohue, 55, is Global General Counsel for Merrill Lynch Investment Managers. In that position, he oversees the firm's legal and regulatory compliance functions for over $500 billion in assets including mutual funds, fixed income funds, hedge funds, private equities, managed futures, and exchange funds. He is also Chairman of the firm's Global Risk Oversight Committee. Mr. Donohue is well known for his extensive knowledge of mutual fund regulation and compliance issues under the Investment Company Act and the Investment Advisers Act, and he will work with others at the Commission to continue to improve the usability of disclosures by mutual funds, closed-end funds, UITs, ETFs, and other funds available to retail investors. He will also work closely with the Commission to expand the use of interactive data to make mutual fund disclosures more useful and to find and develop additional ways in which technology may improve the accessibility and utility of SEC-mandated information for investors. Prior to his service at Merrill Lynch Investment Managers, Mr. Donohue spent more than a decade as Executive Vice President, General Counsel, Director, and member of the Executive Committee for Oppenheimer Funds, one of the nation's leading retail mutual fund management companies, with managed assets of over $150 billion. Previously, he was a corporate and securities law partner with the firm of Kraft & McManimon (now McManimon & Scotland, LLC), a multi-practice firm for private and government clients based in Newark, N.J. Mr. Donohue's commitment to the needs of individual investors is longstanding. He has served as Senior Vice President, General Counsel, and Director for First Investors Corporation, one of the oldest financial service companies in the country dedicated to the individual investor. The firm has more than $5 billion in assets in over 400,000 individual and institutional accounts nationwide. Mr. Donohue earned his J.D. from New York University School of Law in 1975 and his B.A., cum laude, with honors in Economics from Hofstra University in 1972. Mr. Donohue will be sworn in by Chairman Cox on May 15, 2006. # # # http://www.sec.gov/news/press/2006/2006-52.htm Home | Previous Page Modified: 04/10/2006
SEC Chairman Christopher Cox Appoints Andrew Donohue to Be the Commission's Next Director of the Division of Investment Management FOR IMMEDIATE RELEASE 2006-52 Washington, D.C., April 10, 2006 - Chairman Christopher Cox announced today that leading Wall Street fund lawyer Andrew "Buddy" Donohue will join the Securities and Exchange Commission as its 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," said Chairman Cox. "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. He will work to get investors more accurate and more timely information through the use of the latest technology. As a leader of the Commission, Buddy will be every retail investor's champion." "This is a great honor," Mr. Donohue said. "With increasing numbers of Americans investing in our growing capital markets, and with great revolutions in the markets underway because of new technology, this is a wonderful time to be given the opportunity to apply the lessons I've learned over the years to benefit all investors." Mr. Donohue, 55, is Global General Counsel for Merrill Lynch Investment Managers. In that position, he oversees the firm's legal and regulatory compliance functions for over $500 billion in assets including mutual funds, fixed income funds, hedge funds, private equities, managed futures, and exchange funds. He is also Chairman of the firm's Global Risk Oversight Committee. Mr. Donohue is well known for his extensive knowledge of mutual fund regulation and compliance issues under the Investment Company Act and the Investment Advisers Act, and he will work with others at the Commission to continue to improve the usability of disclosures by mutual funds, closed-end funds, UITs, ETFs, and other funds available to retail investors. He will also work closely with the Commission to expand the use of interactive data to make mutual fund disclosures more useful and to find and develop additional ways in which technology may improve the accessibility and utility of SEC-mandated information for investors. Prior to his service at Merrill Lynch Investment Managers, Mr. Donohue spent more than a decade as Executive Vice President, General Counsel, Director, and member of the Executive Committee for Oppenheimer Funds, one of the nation's leading retail mutual fund management companies, with managed assets of over $150 billion. Previously, he was a corporate and securities law partner with the firm of Kraft & McManimon (now McManimon & Scotland, LLC), a multi-practice firm for private and government clients based in Newark, N.J. Mr. Donohue's commitment to the needs of individual investors is longstanding. He has served as Senior Vice President, General Counsel, and Director for First Investors Corporation, one of the oldest financial service companies in the country dedicated to the individual investor. The firm has more than $5 billion in assets in over 400,000 individual and institutional accounts nationwide. Mr. Donohue earned his J.D. from New York University School of Law in 1975 and his B.A., cum laude, with honors in Economics from Hofstra University in 1972. Mr. Donohue will be sworn in by Chairman Cox on May 15, 2006. # # # http://www.sec.gov/news/press/2006/2006-52.htm Home | Previous Page Modified: 04/10/2006