The Financial Services Institute, the advocacy organization for independent broker/dealers and advisors, has tapped Kathryn Anderson as its new director of corporate relations. Most recently, she worked on the national accounts and sales teams at Wells Real Estate Funds.
President Barack Obama named Mary Jo White, a white-collar defense attorney and former U.S. Attorney as the new chair of the Securities and Exchange Commission. She’ll succeed the current chairman, Elisse Walter, who was appointed in December following Mary Schapiro’s departure from the agency. In addition to her time as a federal prosecutor, White has also defended Wall Street heavyweights, including former Bank of America head Kenneth D. Lewis over the bank’s 2009 acquisition of Merrill Lynch. The SEC also recently hired Geoffrey Aronow as its general counsel, joining from law firm Bingham McCutchen. David Grim, assistant chief counsel at the agency, was also appointed deputy director of its Division of Investment Management.
Douglas King will become president and CEO of Cetera Advisor Networks (formerly Financial Network Investment Corporation), succeeding Jack Handy, who will retire on Feb. 28. King joined Cetera in April 2012 after serving 25 years with Merrill Lynch.