Deals & People

In another shift in the asset management industry, AllianceBernstein L.P. announced it has acquired SunAmerica's alternative investments group.

Financial services firm Edward Jones has reached a distribution agreement with Prudential Financial to offer its clients variable annuities and individual life insurance from Prudential companies.

The Board of Directors of Paychex, Inc., has named Martin Mucci president and chief executive officer, effective immediately.

Goldleaf Partners, a national retirement and employee benefits administration and consulting firm, has announced the opening of a Regional Sales and Service Center in St. Louis, Missouri.

Nationwide Financial Services has selected Jamie Spenthoff as regional vice president of sales for its private sector retirement plans business.

State Street Global Advisors (SSgA) has appointed Scott Ebner managing director and global head of ETF Product Development.

Transamerica Retirement Services has announced the promotion of Tim Allen to regional vice president in its Western Region.

Aon Corporation and Hewitt Associates, Inc. announced that they anticipate completing their proposed merger transaction on or about October 1, 2010.

An eight-person commodities trading team is reported to be leaving Credit Suisse Group AG to start a hedge fund backed by the Blackstone Group.

Deidre A. Grossman, an Employee Retirement Income Security Act (ERISA) litigator, has joined the Littler Mendelson, P.C. law firm as a shareholder in its New York office.

Prudential Retirement on Wednesday announced a reshuffling of its client-facing service personnel into 10 “key account” teams based in three U.S. regions. 

Transamerica Retirement Services has hired Andrew Larsen as regional vice president in the company’s Southern Region.

Goldleaf Partners, a national retirement and employee benefits administration and consulting firm, has announced three executive appointments.

Charles Schwab plans to launch an Equity Award Consultation Team for corporate stock plan clients. 

Symetra Life Insurance Company has announced a new organizational structure and new leadership.

Columbia Management announced the appointments of executives for its Institutional Defined Contribution – Investment Only (DCIO) business and its Consultant Relations efforts.

Reliance Trust Company's Retirement Strategies division is expanding its Special Fiduciary Services business unit.

Transamerica Retirement Services has announced the hiring of Paul Patitucci as regional vice president in the company’s Northeastern Region.

 Benefits Administration Services announced that Rita Croft has been promoted to President.

Putnam Investments will serve as program manager for Nevada’s 529 College Savings Plan, sold nationwide through financial advisers, effective October 1.