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Executive Moves


Smith Becomes Senior Advisor to Donohue at SEC

Thomas R. Smith, Jr., a leading mutual fund attorney, has joined the Securities and Exchange Commission's division of investment management as senior advisor to Director Andrew J. Donohue.

Smith comes to the SEC from Sidley Austin, where he was a partner. He was previously with Brown & Wood, beginning in 1996, until its merger with Sidley Austin in 2001. From 2001 to 2003, he was Sidley's vice chairman. Smith began his legal career at Brown & Wood in 1963, becoming a partner in 1971.

Throughout his career, Smith has focused on representing mutual funds and other investment companies. For 15 years, he was co-chair of the subcommittee on investment companies and investment advisers of the federal regulation of securities committee at the American Bar Association.

"Tom Smith is a senior statesman of the federal securities bar with significant experience in the Investment Company and Investment Advisers Acts of 1940," Donohue said. "I have tremendous respect for Tom's intellect, tenacity and desire to serve America's investors."

Smith added: "I have long admired the mission and work of the SEC. I am pleased that I now have an opportunity to join in that mission and assist with the important investor-oriented initiatives underway."

Pyramis Hires Picher as Senior Vice President, Head of Consultant Ties

Pyramis Global Advisors, a subsidiary of Fidelity Investments, has hired David J. Picher as senior vice president and head of global consultant relations.

With nearly 24 years of experience, Picher has spent the past 12 years with MFS Investment Management, most recently working with institutional consultants and plan sponsors as director of the firm's global consultant relations efforts.

Picher is returning to Fidelity, having been with the firm from 1986 to 1991 as a sales executive working with bank trust and corporate defined contribution clients.

"David brings a wealth of experience across key market segments to Pyramis, and an extensive understanding of the issues that plan sponsors and consultants are confronting today," said Drew Lawton, Pyramis president.

Federated Promotes Startari In Global Equity Trading; Veteran Briggs Retiring

Federated Investors has appointed Diane R. Startari as vice president and group head of trading for the firm's global equity division. She succeeds David A. Briggs, who will retire from Federated after 25 years in June.

"I would like to thank Dave for the growth that he worked so diligently to help Federated achieve in his years and, especially, for his leadership of Federated's equity traders," said Stephen F. Auth, chief investment officer of the firm's global equity investment management division.

Startari, who has 16 years of investment experience, most recently was a senior trader in Federated's global equity unit, where she was responsible for domestic equity and futures trading.

"Through her considerable trading knowledge and experience, a thorough understanding of compliance issues and solid professional relationships on Wall Street," Auth said, "Diane has played a significant role in the effectiveness of Federated's equity trading, making her the logical choice to lead our equity trading desk."

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