The Investment Company Institute’s board of governors has elected Paul Schott Stevens to succeed Matthew Fink as president, the ICI announced this morning. Stevens, a partner with Dechert LLP in Washington, will assume his new duties on June 1.

This is not the first time Stevens has been with the ICI. Between 1993 and 1997, he was general counsel at the Institute. Just before joining Dechert, Stevens was general counsel and senior vice president with Charles Schwab & Co.

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