Deals & People

DWS Investments, the U.S. retail unit of Deutsche Bank’s global asset management division, has announced the appointment of Michael J. Woods as U.S. head of distribution.

The Retirement Advantage, Inc. (TRA), has announced the acquisition of 401(k) Administrators out of Las Vegas.

Aon Consulting Worldwide has appointed Martha Spano as a senior vice president and Central West Coast regional leader for Aon Investment Consulting in the Los Angeles office.

Three former representatives of Morgan Stanley Smith Barney (MSSB) have left the firm to form Three Bridge Wealth Advisors in Menlo Park, California.

Reuters, quoting anonymous sources, said discussions about a deal for all or a portion of Van Kampen are at an early stage.

The Dow Jones Industrial Average (DJIA), long an iconic measure of the stock market’s performance, may soon have a new name.

Shams Talib has joined Mercer’s retirement, risk, and finance business as market business leader for the Pacific Southwest.

American International Group, Inc. (AIG), announced that Jay S. Wintrob has been named to the new position of president and chief executive officer of Domestic Life and Retirement...

WESPAC, provider of retirement plan consulting, wealth management, and health and welfare benefits, added a team of advisers previously of Tower Asset Management.

Lincoln Financial Group said today it has agreed sell Delaware Investments to Sydney, Australia-based Macquarie Group.

TIAA-CREF was selected, along with four other providers, for the Iowa Department of Administrative Services Statewide 457(b) and 401(a) Plans.

AIG’s new CEO Bob Benmosche is no longer looking for a buyer for the insurance giant’s advisory group, InvestmentNews reported.

Journey Financial Planners, a fee-only, independent registered investment advisory (RIA) firm in Massachusetts, is now also serving private businesses seeking solutions for their retirement plans.

DailyAccess Corporation, a Mobile, Alabama-based plan service provider, has acquired Leggette Actuaries, Inc.

Great-West Retirement Services has hired eight additional internal wholesalers to further enhance the support it provides its external sales force and their financial adviser and third-party...

Westrock Group, Inc., a financial services holding company, named Donald H. Hunter, Jr., as CEO and president of the firm and its wealth management subsidiary, Westrock Advisors, Inc.

Financial Engines has hired Omar Aguilar as head of its Portfolio Management group, reporting to Chief Investment Officer Christopher Jones.

Great-West Retirement Services has appointed Kevin White as regional sales director for Tennessee.

Legg Mason Inc. reorganized five funds in its ClearBridge Advisors unit as money manager Alan Blake and Hersh Cohen, the division’s investment chief, are set to retire.

Verity Asset Management added five new investment adviser representatives as part of its expansion of advisory services in the 403(b) marketplace, the company said.