Deals & People

Franklin Templeton Investments recently added Matthew Beaulieu to its team of regional defined contribution investment-only (DCIO) specialists to cover the Western U.S. region.

Old Mutual Asset Management (OMAM) named Brian Carroll, Paul Williams, and Mark Bentley as heads of the Institutional, Non-US, and Retail distribution teams, respectively.

Pen-Cal, a San Francisco-based plan provider, has turned to Stephen C. Nell as its East Coast managing director.

Citigroup is laying off 75 employees in its personal wealth management group, including branch-based financial advisers, according to Dow Jones.

New York Life Insurance Company has turned to Tom Johnson as head of business development for Retirement Income Security.

Memphis-based First Mercantile has named Grant Boucek as regional sales director for its new Mid-South region.

National Investment Managers, a nationally-based and regionally-operated retirement plan administration and investment management company, has agreed to acquire a book of approximately 500 balance-forward (not valued daily) retirement...

ING has reached an agreement to sell three of its U.S. independent retail broker/dealer units—which make up three-quarters of the ING Advisors Network—to Lightyear Capital LLC.

The Keane Organization, a provider of compliance and risk management solutions to Fortune 1000 corporations, has promoted Mark Sweatman to president of Keane’s Retirement Services Division (KRS).

Altegris named Ken McGuire as COO to oversee the growth and development of APM Funds, the company’s flagship line of alternative investment products.

The Phoenix Companies, Inc., has formed a distribution company, Saybrus Partners, Inc., which has agreed to provide life insurance consulting services for financial advisers at Edward Jones.

Great-West Retirement Services announced that the City of Jacksonville, Florida, has hired it as the city’s exclusive provider for its 457 deferred compensation retirement plan and its 401(a)...

TIAA-CREF has appointed Teresa Hassara as senior managing director and head of Institutional Client Services and Kevin Nazworth as vice president and head of the organization's Health Care...

Thomas Harty has joined Plan Sponsor Advisors in a new senior consultant position, according to Jennifer Flodin and Donald Stone, co-founders of the Chicago-based retirement and investment consulting...

Gilbert Van Hassel was named as global chief executive of ING Investment Management, days after ING announced that the division will be spun off as a separate company.

In an effort to attract higher-level advisers, Raymond James Financial Services’ Investment Advisors Division increased the minimum level of assets under management required for new affiliations with registered...

Now that his dispute with Bank of America (BofA) is behind him, Robert McCann will now step in as CEO of Wealth Management Americas at UBS.

Nationwide Mutual Insurance Company CEO Steve Rasmussen has announced new assignments for several executive leaders across the company. 

State Street Corporation today announced its leadership succession plan.

A group of employee benefits lawyers led by Paul M. Hamburger have left McDermott Will & Emery’s Washington, D.C. office to establish the D.C. employee benefits practice of...