Deals & People

New York Life Retirement Plan Services, a division of New York Life Investments, has appointed Deanna Garen managing director of participant strategy.

ING Clarion Partners LLC, a real estate investment adviser, is entering the defined contribution (DC) market, the company announced.

The pending nomination of U.S. Representative Hilda Solis (D-California) as Department of Labor (DoL) secretary was put off after word that her husband has paid $6,400 to settle...

Evercore Asset Management, LLC (EAM), an institutional money manager specializing in small- and mid-cap equities, announced the addition of a small- and mid-cap core team to the firm.

Putnam Investments has named Edmund F. Murphy III, a 25-year industry veteran, as managing director and head of Defined Contribution.

Great-West Retirement Services has appointed Thomas R. Mordaunt and Jason C. Smoot as regional sales directors for its 401(k) business.

Merrill Lynch laid off an undisclosed number of short-tenured advisers this week, according to news reports.

Ellyn McColgan, president and COO of the global wealth management group at Morgan Stanley, will not be around when the group merges with Smith Barney, according to a...

Jason Roberts moved from Edgerton Weaver, LLP, to join as a partner in the Employee Benefits practice at business law firm Reish Luftman Reicher&Cohen.

The FTSE Group has completed the acquisition of Pensions Benchmark Corporation (PBC), a U.S.-based quantitative analysis business.

The Bostonian Group, a Boston-based employee benefits firm, has acquired a minority share of Marketing Associates Financial Services, Inc. (MAFS).

AIG Global Real Estate has announced plans to divest its fund management business.

Ameriprise Financial advisers can now use John Hancock Retirement Plan Services’ product services with 401(k) plans.

Sentinel Investments, the investment management arm of Vermont-based National Life Group, announced new hires across its distribution team.

Commonwealth Financial Network announced that Wayne Bloom has been appointed as CEO.

One of the nation’s leading retirement plan adviser teams has broken its long-standing wirehouse ties, and embraced an independent affiliation.

Great-West Retirement Services has appointed two regional sales directors to focus on development of new corporate 401(k) plan business through brokers, financial advisers, consultants, wirehouses, and third-party administrators.

Bank of America (BoA) today announced that Brian Moynihan has been named president of Global Banking and Global Wealth and Investment Management, replacing John Thain.

Former Merrill Lynch&Co. Chief Executive John Thain is on his way out of Bank of America Corp. (BoA), according to reports.

Tom M. Wirtshafter has been named president of American Portfolios Financial Services (APFS) and American Portfolios Advisors Inc. (APA), a registered investment adviser, according to an announcement.