Deals & People

Nationwide has agreed to sell its active asset management business to British fund firm Aberdeen Asset Management.

Pioneer Investments has appointed Ray Dutcher, formerly of MFS Institutional Advisors, as Director of its U.S. Institutional Client Service operation.

National Retirement Partners, LLC (NRP), has entered into a letter of intent for the proposed acquisition of three advisory groups, signaling the start of the next round of...

AIG Retirement Services Inc. has announced Randall W. Epright has been appointed Executive Vice President and Chief Operating Officer of AIG Advisor Group, and Senior Vice President, Operations...

Fidelity Registered Investment Advisor Group has been renamed Fidelity Institutional Wealth Services.

Money manager Lord Abbett&Co. has announced some shuffling in executive management positions, including the appointments of a new Managing Partner, Senior Partner, and Chief Investment Officer.

Marsh&McLennan Companies, Inc. says that Brian M. Storms is stepping down from his position as chief executive officer of Marsh, Inc., MMC’s insurance broking subsidiary, effective immediately.

Boston Financial Data Services, Inc., a Quincy, Massachusetts-based financial services outsourcing provider, has tapped Jude Metcalfe as senior vice president and head of Retirement Services.

Recordkeeper ExpertPlan has opened its first regional office in Atlanta, Georgia.

Rydex Investments has announced the availability of eight exchange-traded funds (ETFs) in Invest n Retire retirement plans.

Mercer is the new brand identification for Mercer Human Resource Consulting, effective immediately.

Hewitt Associates has established a U.S. Defined Contribution (DC) Consulting practice.

Newport Beach, California–based PIMCO announced Tuesday that the former head of Harvard University’s endowment is returning to help run the Golden State money manager.

James J. Tracy has been named Director of Investment Advisory Services for Smith Barney.

Lincoln Employer Markets, a division of Lincoln Financial Group, announced that Morgan Stanley will now offer the Lincoln American Legacy Retirement product.

Morgan Stanley announced Jack Mueller will join its Global Wealth Management Group (GWMG) as Rocky Mountain District Manager.

BenefitStreet Inc. has announced that Reliance Trust Company has been added as a custodian to the recently introduced BenefitStreet ETF 401(k) solution.

Mark Tibergien has joined Pershing Advisor Solutions LLC as chief executive officer and a member of Pershing LLC's Executive Committee, Pershing LLC, a subsidiary of The Bank of...

Fidelity Investments has tapped Ren Y. Cheng as chief investment officer (CIO) of its fast-growing life-cycle and asset-allocation funds, overseeing $130 billion in assets.

Mercer HR Services and Financial Engines have worked out an expanded alliance to provide Financial Engines' full suite of advisory services, including managed accounts, to Mercer HR Services'...