William Donaldson will head the US SEC

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11 Dec 2002

William Donaldson has been nominated to be the new chairman of the US Securities and Exchange Commission, replacing Harvey Pitt, who resigned amid questions relating to the SEC's effort to select candidates for the five-member Public Company Accounting Oversight Board.

Mr. Donaldson co-founded the investment banking firm Donaldson Lufkin & Jenrette. He was also chairman and CEO of the New York Stock Exchange and of Aetna Inc.

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