Deals & People

Kenneth D. Lewis, Bank of America Corp. CEO and president, announced he will resign by year-end.

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.

Anne Arvia, president of Nationwide Bank, has been drafted to be the new chief of Nationwide’s retirement business, as of November 1, 2009.

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 Financial Services Group, Inc,. has appointed J. Michael Shamburger as national sales manager for corporate retirement programs in its Retirement Plans Group (RPG).

Lafayette, California-based McHenry Partners LLC has named Geoff Eukel as research director.  

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. 

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...

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 Financial Services Group, Inc., has appointed Mark Scalercio as national sales manager for government-sponsored retirement plans in the Retirement Plans Group.

Rocky D'Alessandro joined the Advisor Service Team at Alliance Benefit Group (ABG) Carolinas, a third-party retirement plan administration and recordkeeping firm.

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, the domestic annuity business of Prudential Financial, Inc., announced Tim Seifert joined the company as a vice president and director of National Sales.

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...

Lincoln Financial Distributors, the intermediary distribution company of Lincoln Financial Group, has announced John C. Kennedy has joined the firm as head of Retirement Solutions Distribution.

Midwest Capital Advisors (MCA) of Grand Rapids, Michigan, has been selected as the provider of 403(b) and 457 retirement plan investments by the Michigan Retirement Investment Consortium (MRIC).

Northern Trust announced that Anthony Wilkins has been named global head of Defined Contribution Sales and Service for its asset management arm, Northern Trust Global Investments (NTGI).

Westrock Group, Inc., announced that Dana Reed has joined the firm as head of marketing.

Senator Tom Harkin (D-Iowa) has been named chairman of the Committee on Health, Education, Labor & Pensions (HELP).

ING has named X. Rick Niu chief marketing officer for ING U.S. Retirement Services, effective September 1.