[Congressional Record Volume 151, Number 104 (Wednesday, July 27, 2005)]
[Extensions of Remarks]
[Pages E1610-E1611]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       RECOGNITION OF PETER DERBY

                                 ______
                                 

                         HON. CHARLES H. TAYLOR

                           of north carolina

                    in the house of representatives

                         Tuesday, July 26, 2005

  Mr. TAYLOR of North Carolina. Mr. Speaker, staffers do not often 
receive proper recognition for the hard work they do in government for 
either Congress or the agencies. Many of us would like to thank one of 
those deserving of such recognition. That person is Peter Derby, the 
Managing Executive for Operations and Management at the Securities and 
Exchange Commission.
  Mr. Derby has announced that he will leave the SEC at the end of 
July. He will be leaving a legacy of hard work and accomplishment at 
that agency. Chairman William Donaldson praised Mr. Derby thusly: 
``Peter has played a critical role as a trusted Member of our senior 
management team during a critical period at the Commission. He was 
instrumental in increasing the operational efficiency and effectiveness 
at the Commission and served with distinction and integrity. Peter will 
leave a strong and lasting legacy at the Commission.''
  Prior to joining the SEC, Mr. Derby was involved in a wide array of 
business and public service ventures which left him well prepared to 
take over a position of such importance. Peter served as an elected 
member of the

[[Page E1611]]

Board of Trustees of the Village of Irvington-on-Hudson, NY. Derby 
spent a decade in Russia, where at the forefront of democratizing that 
nation's markets and banking infrastructure. He participated in the 
founding of DialogBank in 1990, the first private Russian bank to 
receive an international banking license. He moved rapidly through the 
ranks and was named Chairman of the Board of this institution in 1997. 
In addition, Derby founded the first Russian investment firm, Troika 
Dialog. Prior to Derby's time in Russia, he was a Corporate Finance 
Officer at National Westminster Bank from 1985-1990 and an Auditor at 
Chase-Manhattan Bank.
  Mr. Derby worked seamlessly with Chairman Donaldson to repair the 
damaged image of our Nation's corporations and financial markets. In 
addition to improving the overall efficiency of SEC operations, Derby 
oversaw the creation of the Risk Management Program to create a more 
proactive posture. He also produced the first-ever audited financial 
statements of the SEC as well as leading the development of an 
implementation program for aligning facilities, technology and 
organizational systems with the agency's strategic themes.
  Mr. Speaker, I know that my colleagues will join me in giving thanks 
to Peter Derby for his service to our Nation in a time of challenge. It 
is reassuring to the United States to know that there are people who 
will give time from their lives to help our country.

                          ____________________