The Investment Company Institute and its related body, the Independent Directors Council, named new appointments on Wednesday.
The ICI named Robert C. Grohowski and Ari Burstein senior councels in its securities regulation practice. Grohowski is in charge of the investment companies group, where he will oversee issues related to the Investment Company Act and the Investment Advisors Act, while Burstein is in charge of the capital markets group, overseeing issues related to the Securities Act of 1933 and the Securities Exchange Act of 1934. Both report to ICI General Counsel Elizabeth Krentszman.
Grohowski joined the ICI in 1998 and will continue to serve as senior counsel, international affairs, on an interim basis until a successor is appointed. Burstein, who also joined the ICI in 1998, most recently was senior associate counsel, securities regulation.
In their new jobs, the two attorneys fill the role previously held by Amy B.R. Lancellottta, who has now become managing director of the Independent Directors Council. Lancellotta succeeds Tamara K. Salmon, who has served as managing director of the IDC on an interim basis since July. She will now return to her previous role as senior associate counsel at the ICI.
Marguerite Bateman, the previous managing director of the IDC, is now a partner in the financial services group at Sutherland Asbill & Brennan.