The Board of Directors at Strong Mutual Funds on Friday named former KPMG partner Phillip O. Peterson president of the funds, in charge of overseeing compliance at the tainted fund shop.

In the new position of president, Peterson will monitor on a daily basis the company’s internal controls and oversee its chief compliance officer. He will also be responsible for monitoring the implementation of any recommendations made by David Ruder, a former chairman of the Securities and Exchange Commission that was hired as a consultant in November.

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