The Arthur Andersen Financial Services Industry Practice has named John Capone as Partner in its North America Asset Management Practice, effective April 15, 2001. Capone is leaving his position as Chief Accountant of the Securities and Exchange Commission’s Division of Investment Management. He will work out of Andersen’s Boston office.

As Partner in the North America Asset Management Practice, Capone will help build the asset management practice by focusing primarily on communicating current regulatory, accounting, and financial reporting issues and implementing regulatory changes with Andersen’s mutual fund and investment advisory clients. He will also work with the Financial Services Industry Leadership team, which provides direction to the FSI practice by developing solutions, which respond to key issues facing all sectors of the financial services industry.

"We are thrilled that John Capone has chosen to join Arthur Andersen," says John M. Tesoro, partner and director of the North America asset management practice. "John brings with him a tremendous amount of experience and knowledge given his position at the SEC, and he is going to play a major role in our industry program."