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Executive Moves


Fulbright & Jaworski Taps Former SEC Heavyweights

Fulbright & Jaworski has recently announced that former SEC Commissioner and Division Director Irving Pollack and SEC Enforcement Specialist Laurence Storch have joined the firm.

Storch will be working as a senior counsel and Pollack as of counsel, both attorneys focusing on securities enforcement and other corporate matters.

Since he left the SEC in 1980, Pollack has served as an advisor for many governmental and private institutions, including the International Organization of Securities Commissions, the NASD, the Ontario Securities Commission, the Quebec Securities Commissions, Merrill Lynch, Edward Jones and the New York Stock Exchange, among other organizations. At present, he is the director of ML Life Insurance and a member of its audit and compensation committees.

As for Storch, he has extensive experience defending entities and individuals in SEC investigations and enforcement actions. He was also a legal advisor for the State Department.

BlackRock Names CFO, as Audet Moves to Cash Ops

BlackRock has moved Paul L. Audet, the firm's former chief financial officer, to become head of the firm's cash management business. Steven E. Buller has joined the firm as Audet's successor, also serving as a managing director and a member of the management committee. Until the end of this year, the two will be working side by side, so that Audet can help Buller with the transition period.

Prior to his hire, Buller was employed at Ernst & Young, where he was a partner and co-director of the firm's global asset management services practice. He also served as E&Y's liaison with the Securities and Exchange Commission.

"We have known Steve and worked closely with him on a variety of financial matters for many years," said Laurence D. Fink chairman and CEO of BlackRock. "We are delighted that he will be joining us and look forward to his contribution to BlackRock's continued growth and success."

Audet has been with BlackRock since 1998, and before that he was employed as managing director and CFO at PNC Financial Services Group.

"We are equally excited about Paul's new role," Fink added. "Under Paul's new leadership, our finance team has consistently distinguished BlackRock for the quality and transparency of our public reporting and ability to seamlessly support our growing franchise."

Gamco Recruits Gould as Manager of Energy Fund

Gamco Investors has recruited Earl V. Gould as portfolio manager of the GAMA Select + Energy Fund. Commenting on the hire, Mario Gabelli, chief executive of Gamco, said, "Earl is one of the savviest investors in the oil patch, and his investment experience and proven research talent will serve our investors in the GAMA Select + Energy Fund."

Gould brings more than 40 years of investment experience to Gamco. After graduating from the University of Alberta, he began his career as a trader at European American Bank. Later, he joined Bache & Co. as an analyst and then served as a senior investment analyst with Security Pacific Bank until 1977.

He was also a portfolio manager overseeing a $500 million account for the pension department at Atlantic Richfield. Most recently, he was managing director of international equities for ARCO Investment Management.

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