Andrew “Buddy” Donahue has been hired as the new director of the SEC’s Division of Investment Management, the post that Paul Roye vacated a year ago. Donahue, 55, is currently the Global General Counsel for Merrill Lynch Investment Managers, where he oversees the firm’s legal and regulatory compliance functions for over $500 billion in assets including mutual funds, fixed-income funds, hedge funds, private equity, managed futures, and exchange funds. He is to be sworn in on May 15.