Deals & People

FINRA appointed Richard G. Ketchum, currently FINRA chairman and CEO of the New York Stock Exchange (NYSE) Regulation, to serve as its CEO.

Smith Barney has added the PLANSPONSOR Retirement Professional (PRP) designation to the list of the firm's approved designations for financial advisers.

Morgan Stanley plans to shell out as much as $3 billion to keep Morgan Stanley and Smith Barney brokers aboard the joint venture, according to news reports.

Instead of offering brokers a retention bonus, Wachovia Securities said it is offering better payouts through its client retention program.

A slumping economy with fewer hires has led to cutbacks at a leading 401(k) education provider.

Putnam Investments said it named David Glancy as managing director and portfolio manager.

Barclays Global Investors (BGI) has tapped John Longley as head of national accounts for the U.S. iShares exchange-traded funds (ETFs) business.

ADP Employer Services and GuidedChoice, a provider of investment advice and managed account services, have announced a partnership to provide personalized advice to ADP retirement plan recordkeeping clients...

U.S. Retirement Partners, a 403(b) benefits administrator, announced that it has acquired a Florida group to be part of its national network of providers serving the K-12 teacher...

Mercer on Tuesday announced an agreement to acquire long-time industry player Callan Associates.

National Retirement Partners (NRP) is now recruiting producing third-party administrators (TPAs) to become member firms.

Fidelity Investments says that Anthony W. Ryan has been named the firm's new head of Asset Management Strategy and Product Development, effective February 23, 2009.

ProFunds Group, which touts itself as the world’s largest manager of short and leveraged funds, says that Joanne M. Hill has joined the firm as head of investment...

JPMorgan Funds has named Jeffrey Chase as head of Southeast regional sales in the defined contribution investment-only business, the company announced.

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, has been appointed as a portfolio strategist firm by Genworth Financial Wealth Management, Inc.

Putnam Investments plans to cut 260 jobs primarily in sales and operations.

National Financial Partners (NFP) saw its stock soar after it announced it might pay off outstanding amounts in its credit facility, Reuters reported.

National Retirement Partners, Inc. (NRP) said nine practices have recently joined NRP.

Investment management firm Eaton Vance Corp. announced that Niall Michael Quinn has joined the firm as Managing Director of Eaton Vance Management International.

UBS has divided its wealth management units “to adjust to new market conditions and the changing environment,″ the company said.