[Congressional Record (Bound Edition), Volume 151 (2005), Part 13]
[Extensions of Remarks]
[Page 18208]
[From the U.S. 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 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.

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