Deals & People

Epic Advisors has been acquired by GenSpring Family Offices, a wealth management firm for ultra-high-net-worth families.

Mike Corbat has been named CEO of Citi Holdings, which includes its brokerage and asset management units and local consumer finance and a special asset pool.

Smith Barney has expanded its plan provider platform to include ADP.

Five years after acquiring Columbia Management Group, Bank of America (BofA) might offload the business, according to the Wall Street Journal.

Putnam Investments named Benjamin Lewis as managing director of Defined Contribution Sales and Relationship Management.

CVC Capital Partners is in exclusive talks with Barclays to buy its exchange-traded funds business, iShares, according to a news report.

Transamerica Retirement Services announced the promotion of CEO and President Kent Callahan to group head of Employer Solutions and Pensions for the AEGON companies.

Participants in 401(k) plans administered by Hewitt Associates will now have access to financial advice from Financial Engines.

Bank of America Corp. (BofA) might pump up the salaries of its investment bankers in order to match salaries of the recently acquired Merrill Lynch&Co.

General Motors Asset Management (GMAM) has changed its brand identity to Promark Global Advisors, Inc. (Promark).

Six weeks after announcing Mercer would acquire Callan Associates to form one of the largest investment consulting operations, the two firms announced Monday that the deal was off.

Wachovia Securities has changed its recruiting deal for financial advisers so that it will now base payouts on an adviser’s last three months’ production instead of the traditional...

Private equity consortiums pursuing Barclays' iShares investment unit have until Sunday to submit binding bids, unnamed sources told Reuters.

MassMutual has announced the addition of two sales managers for its defined contribution and Taft-Hartley business segments.

Longfellow Benefits promoted David Boucher from vice president to senior vice president, corporate benefit services.

Serena Simons has joined The Segal Company as a senior vice president and National Compliance Retirement Practice leader.

Stifel, Nicolaus&Company, Incorporated, will acquire up to 55 branches of UBS Wealth Management Americas from UBS Financial Services Inc. for an upfront cash payment of about $27 million,...

A group of independent retirement plan investment advisers formed the National Association of Independent Retirement Plan Advisors (NAIRPA), a sister organization to the American Society of Pension Professionals&Actuaries...

A Wisconsin third-party administrator (TPA) has hired three sales representatives.

Wells Fargo has selected WySTAR to be the defined contribution recordkeeping system and OmniDBEN as the defined benefit administration system for its institutional clients.