OppenheimerFunds Names Picciotto CCO

She most recently served as CCO for Morgan Stanley Investment Management’s funds

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OppenheimerFunds announced Thursday that it has hired Mary Ann Picciotto as its new chief compliance officer.

Picciotto, who is expected to start at OppenheimerFunds in the first quarter, most recently was Morgan Stanley Investment Management’s global head of compliance and chief compliance officer for the Morgan Stanley funds.

Mark Vandehey, Oppenheimer’s current chief compliance officer, who has been with OppenheimerFunds for more than 31 years, plans to retire after a transition period with Picciotto.

Picciotto will be responsible for all aspects of regulatory compliance for Oppenheimer’s five affiliated investment advisors as well as its three commodity pool operators and advisors, two transfer agents, broker-dealer and state-chartered trust company, providing compliance services to more than 100 mutual funds and dozens of institutional accounts.

She will be based in New York and will oversee a staff of more than 30 compliance professionals in three U.S. locations. She will report directly to Ari Gabinet, general counsel.

“Mary Ann is an inspiring compliance leader with broad experience, new perspectives and an energizing approach that will invigorate our compliance program,” said Gabinet, in a statement. “We are delighted to have her join OppenheimerFunds, and look forward to the evolution of our compliance function as our business continues to evolve and grow.”

Previously, Picciotto worked for PricewaterhouseCoopers on the Assurance and Business Advisory Services team in the Investment Management Services division.

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Check out OppenheimerFunds Names New CEO, CIO on ThinkAdvisor.

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