Krawcheck Wants to Keep the Bull; Plans to Re-Launch Merrill Brand
Bank of America (BofA) said it is re-launching the Merrill Lynch brand with a new marketing campaign.
Deals & People
Report: Invesco Out Front with Van Kampen Bid
Invesco has emerged in the lead to acquire the mutual fund business from Morgan Stanley’s Van Kampen, according to The Wall Street Journal.
The Wiley Group is Now Independent RIA
The Wiley Group ended a long relationship with Morgan Stanley Smith Barney to form a fully independent registered investment adviser.
BPAS Hires Sales Relationship Manager in Minn.
BPAS, a national provider of administration, clearing, and custodial services, announced an addition to its sales team based in the Midwest.
Newport Taps Sain for Retirement SVP
The Newport Group has appointed Dennis Sain as senior vice president, Qualified Retirement Services.
NFL Players to Get Financial Advice under New Partnership
The NFL Players Association announced it has partnered with Financial Finesse, a provider of financial education programs, to launch a program that gives NFL players the financial guidance...
Lewis to Exit BofA
Kenneth D. Lewis, Bank of America Corp. CEO and president, announced he will resign by year-end.
BofA Sells Columbia to Ameriprise for $1B
Bank of America Corporation (BofA) signed an agreement to sell the stock and bond units of Columbia Management to Ameriprise Financial, Inc., the companies announced.
Nationwide Taps Arvia as Retirement Head
Anne Arvia, president of Nationwide Bank, has been drafted to be the new chief of Nationwide’s retirement business, as of November 1, 2009.
BofA Brings in New Heads for Retirement, Wealth Management
Bank of America (BofA) brought in Andrew Sieg to head its retirement group and appointed Keith Banks and John Theil to lead Private Wealth Management.
The Hartford Names New National Sales Manager for 401(k) Sales
The Hartford Financial Services Group, Inc,. has appointed J. Michael Shamburger as national sales manager for corporate retirement programs in its Retirement Plans Group (RPG).
Eukel Named to McHenry Partners Post
Lafayette, California-based McHenry Partners LLC has named Geoff Eukel as research director.
Mercer Poaches Four from Callan for San Francisco Office
Consultant Mercer has tapped Toni Brown from Callan Associates to serve in the new position of director of client consulting for its investment consulting business in the U.S.
Lord Abbett Exits Small-401(k) Market
Jersey City, New Jersey-based investment management firm Lord, Abbett & Co. announced Wednesday it is getting out of the small-401(k) market to concentrate on its defined contribution investment-only...
Henry Named as LIMRA Executive
Paul Steven Henry has been tapped as managing director of Retirement Services for LIMRA, the Connecticut-based insurance and financial services marketing organization.
The Hartford Appoints Leader for Government Plan Sales
The Hartford Financial Services Group, Inc., has appointed Mark Scalercio as national sales manager for government-sponsored retirement plans in the Retirement Plans Group.
ABG Carolinas Adds D’Alessandro to Head Sales Team
Rocky D'Alessandro joined the Advisor Service Team at Alliance Benefit Group (ABG) Carolinas, a third-party retirement plan administration and recordkeeping firm.
Rampart Hires New Lead for Business Development
Rampart Investment Management, an asset management firm specializing in option strategies, has appointed Richard R. Davis as senior vice president of sales and consultant relations.
Prudential Annuities Names Seifert Director of National Sales
Prudential Annuities, the domestic annuity business of Prudential Financial, Inc., announced Tim Seifert joined the company as a vice president and director of National Sales.
Former Assistant Secretary of Labor Joins D.C. Law Firm
Schiff Hardin LLP has announced that former assistant secretary of labor for employee benefits Bradford P. Campbell joined the firm’s Washington, D.C., office in the Employee Benefits and...