March 13, 2006
State Street Names Analyst New Director of Research
State Street Global Advisors has promoted Bill Driscoll from analyst to director of research on its global fundamental strategies team, reporting directly to Matthew McPhee, head of the group.
"Bill distinguished himself among many candidates and evolved as the clear choice for this position," McPhee said. "He has a strong commitment to the global fundamental strategies team, a determination to help build on our success and, most importantly, the vision and passion needed to continue to enhance our investment research efforts."
Before Driscoll joined State Street, he was the director of strategic planning for Hoyts Cinemas Corp. He also worked for Fleet Bank and BankBoston.
Pillsbury Winthrop Hires Zuckerman as Partner
Pillsbury Winthrop Shaw Pittman has hired Jeffrey Zuckerman as a litigation partner. Zuckerman spent more than 10 years with the Securities and Exchange Commission as an enforcement lawyer and an additional decade in legal and regulatory posts for many leading financial institutions.
At Pillsbury Winthrop, Zuckerman will be an active member of several key practice areas, including securities and financial litigation, corporate investigations and white-collar defense.
Prior to joining Pillsbury, Zuckerman was with Morgan Stanley, where he was the deputy director of compliance for the investment bank's retail business. His responsibilities included matters relating to policies and procedures, supervisory controls and registration. He also helped update the firm's regulatory reporting procedures.
Before joining Morgan Stanley, he was deputy general counsel and head of the regulatory investigations group at Smith Barney and successor firms Salomon Smith Barney and Citigroup Global Markets. At Citigroup, Zuckerman had a broad range of legal responsibilities, including representing the firm and professionals in significant Federal and state securities and regulatory matters.
"Jeff has the stature, broad skill set and experience at the trial and investigative levels to play an important role in many areas of the firm - national litigation work, regulatory and compliance counsel, white collar defense and, of course, sensitive internal investigations," said former Assistant U.S. Attorney Mark Hellerer, now head of Pillsbury Winthrop's investigations practice.
Amvescap Chairman Brady To Step Down in April
Charles W. Brady, 70, who has served as chairman of the board of directors of Amvescap since 1992 and founded Invesco, one of Amvescap's six main brands, will step down from his position at the conclusion of the firm's annual meeting on April 27. Rex Adams, 65, who has served as a non-executive director since 2001, will succeed him. Brady will leave his position ahead of the firm's mandatory retirement age of 72 years.
Brady was at Amvescap's helm during one of the most difficult periods in the firm's history, when it settled for $375 million with the Securities and Exchange Commission over market-timing allegations. In addition, it agreed with state regulators to reduce its commissions by a total of $75 million over five years.
"With Amvescap having successfully resolved the challenges of the recent past and with [President and CEO] Marty Flanagan and his management team providing strong leadership, I have decided that the conclusion of our upcoming annual general meeting is the appropriate time to step down from Amvescap's board," Brady said.
(c) 2006 Money Management Executive and SourceMedia, Inc. All Rights Reserved.