Deals & People

DWS Investments, the U.S. retail unit of Deutsche Bank’s global Asset Management division, has appointed Gregory Troccoli and Robert Kendall as directors.

ING said it has added staff to further the company’s multicultural sales efforts, particularly in its retirement services business.

MFC Global Investment Management (MFC GIM) named Bradford G. Thomas as director of Consultant Relations.

Putnam Investments LLC will dismiss three fund managers as part of a broader move to cut 5% of its staff.

Charles C. Cornelio, who most recently served as chief administrative officer of Lincoln Financial, has been named president of Lincoln’s Defined Contribution business, effective immediately.

Andy Sieg, head of Retirement & Philanthropic Services (RPS) at Bank of America Merrill Lynch, has made retirement leadership changes, including two promotions and one outside hire.

The California Institute of Technology has chosen TIAA-CREF to be the single administrative services provider for the Caltech Retirement Program, beginning January 1.

PIMCO announced that it hired Neel Kashkari, the former czar of the Troubled Asset Relief Program (TARP), as well as two portfolio managers from Franklin Templeton Investments.

Alabama is switching to a new 457 deferred compensation plan provider amid concerns about the previous provider and its relationship with the Alabama State Employees Association (ASEA).

Great-West Retirement Services has appointed Doug Rosendahl as regional sales director for San Diego and surrounding areas.

An outgrowth of the firm RIA In A Box, the new firm Lexington Compliance aims to support registered investment advisers (RIAs) with management and review of compliance requirements.

Northern Trust's asset management arm, Northern Trust Global Investments (NTGI), has selected seven emerging and minority/women-owned broker/dealers for its list of preferred equity trading partners.

RiversEdge Advanced Retirement Solutions, an independent provider of defined contribution recordkeeping, consulting, and administrative services, has begun operations in Pittsburgh, Pennsylvania.

A federal appellate court’s to-the-point ruling in an excessive fee case involving United Technologies Corp. (UTC) may not have been couched in elaborate language, but it nevertheless extended...

Russell Investments has promoted Rolf Agather to the newly created position of director of Index Research & Innovation.

Scott Gardner joined First Mercantile's national sales team effective today as regional sales director for its Southeast region, the company announced.

MFS Investment Management (MFS) has added three new members to its Defined Contribution Investments (DCI) group to focus its sales and relationship management efforts in various DCI market...

Great-West Retirement Services has appointed Scott Sitzes as regional sales director.

Family health problems have prompted an executive in Fidelity Investments’ workplace investing client management group to take a leave of absence starting at the end of the year,...

PineBridge Investments is the new brand name of the former asset management and investment advisory business of American International Group, Inc. (AIG).