BofA Merrill Lynch Restructures Personal Retirement Team
Personal Retirement Solutions (PRS) at Bank of America Merrill Lynch has a newly named leadership team, including a new hire.
Deals & People
William Blair & Company to Acquire Guidance Capital
William Blair & Company announced an agreement to acquire certain assets of Guidance Capital LLC, a specialist in developing and managing multi-manager hedge fund of funds strategies.
Fidelity Extends Relationship with HP
Fidelity Investments has extended its relationship with HP, providing its employees in North America with total retirement services for an additional five years, beginning January 1, 2011.
Former Fairholme Fund Managers Form New Firm
Larry Pitkowsky and Keith Trauner, former portfolio managers of the Fairholme Fund, announced the formation of GoodHaven Capital Management, LLC.
Delaware Investments Expands Retail Distribution Team
Delaware Investments added one regional manager and an external wholesaler to its third-party retail distribution team.
Russell Appoints New Director of Alternative Investments
Russell Investments has appointed Darren Spencer as director, alternative investments in its Americas Institutional consulting group.
Newport Selects Tighe for Regional Director Job
The Newport Group has appointed Frank Tighe as a Regional Director.
Former GSAM CIO Tapped as SEC Director of Investment Management
The Securities and Exchange Commission (SEC) has reached into the asset management industry to find its new Director of Investment Management.
Fleming to Lead Morgan Stanley Global Wealth Management
Greg Fleming has been named president of Global Wealth Management at Morgan Stanley.
Schott Comes Onboard at FRC
Financial Research Corporation (FRC) has tapped Matthew J. Schott as Vice President, Retirement Income Practice Leader.
Loring Ward Hires Director of Strategic Relations
Scott Lamb will work with Loring Ward's broker/dealers and provide value-added solutions to help advisers better serve their clients.
Manulife Names New Core Value Equity Team
Manulife Asset Management named Walter T. McCormick and Emory W. Sanders, Jr.,to lead a new Boston-based Core Value Equity team.
Russell to Acquire ETF Provider
Russell Investments announced its intent to acquire U.S. One, Inc., a registered investment adviser (RIA) and exchange-traded fund (ETF) provider.
Bogner Joins Team at HighTower
HighTower financial services completed its first tuck-in transaction, with Steve Bogner bringing his practice to Richard Saperstein’s team in New York.
Towers Watson Turns to DeMeo as Investment Exec
Towers Watson has named Chris DeMeo head of investment for North America.
Schroders Expands Distribution Teams
Schroder Investment Management North America Inc. announced the addition of five U.S. Onshore Intermediary members, plus one Offshore hire.
Transamerica Adds Three to TPA Channel Team
Transamerica Retirement Services announced the addition of three people to its Third Party Administrator (TPA) Channel “to boost support and services for the TPA community.”
IRI Taps Plotnick for Director of Research
The Insured Retirement Institute (IRI) has hired Lisa Plotnick as director of research.
JPMorgan's Gatch Says More Changes to Come
George Gatch, Chief Executive Officer of J.P. Morgan Investment Management Americas, says the company is in the process of dramatically strengthening the investment in, and commitment to, the...
Newport Turns to Schaffernoth for VP Position
The Newport Group appointed Rob Schaffernoth as Vice President, Retirement Services, a newly created position at the company.