Picciotto is expected to start in the role during the first quarter of 2014, according to a statement from OppenheimerFunds. The firm’s current head of compliance, Mark Vandehey, plans to retire at that time, following a transition period.
As chief compliance officer, Picciotto will be responsible for all aspects of regulatory compliance for OppenheimerFunds’ five affiliated investment advisers, as well as the firm’s three commodity pool operators, two transfer agents, and various broker/dealer and state-chartered trust company operations. She will also provide compliance services to more than 100 mutual funds and dozens of institutional accounts.
Picciotto will be based in New York and will oversee a staff of more than 30 compliance professionals across three U.S. locations. She will report directly to Ari Gabinet, the firm’s general counsel.
Picciotto joins the firm from Morgan Stanley Investment Management, where she most recently served as global head of compliance and chief compliance officer for the Morgan Stanley funds. Previously, she worked for PwC in the investment management services division.