Deals & People

Marsh&McLennan Companies, Inc. (MMC), whose insurance brokerage unit has undergone management changes in recent months, on Wednesday tapped Brian Duperreault as MMC’s new president and chief executive officer.

National Retirement Partners, Inc. (NRP), a network of independent retirement plan focused advisers, has announced six new member firms.

Putnam Investments has announced its Global Asset Allocation (GAA) Team will assume responsibility on an interim basis for Putnam Voyager Fund and Putnam Growth Opportunities Fund.

DWS Scudder, the U.S. retail unit of Deutsche Bank’s Asset Management division (DeAM), has announced the appointment of four senior professionals to the firm’s wholesale distribution team.

Kathy Curtis has been named director of marketing for Mutual of Omaha’s Retirement Services area.

Peter J. Smail, president of Fidelity Investments’ institutional investment management business, is retiring from his post, the financial services firm announced.

FundQuest, a global provider of managed account investment solutions for financial institutions and advisers, has hired Leslie Prescott as Director of Retirement Management Solutions.

Financial-services market research firm Dalbar Inc. is launching Compliance Support Services’ (CSS), a new division dedicated to addressing the increasing risk and complexity faced by compliance departments.

AXA Equitable Life Insurance Co. has launched a new distribution channel focused on providing retirement plan strategies and solutions for Fortune 1000 corporations and their employees.

Recordkeeper Ascensus (formerly BISYS Retirement Services) has been selected to provide recordkeeping and administrative services for SEI’s retirement plan offerings.

The board of directors of PMFM, Inc., an Athens, Georgia-based registered investment adviser, has tapped Judson P. Doherty as president, effective immediately.

CAPTRUST Financial Advisors has announced that Beryl Ball has joined the advisory and research firm.

Executive Vice President Elaine Sarsynski, currently Chairman, President and CEO of MassMutual International LLC, will assume additional responsibilities as head of the Retirement Services Division.

Four investment industry veterans have hung out a new shingle as Agility Asset Management, LLC.

Dave Liebrock, formerly executive vice president, retirement, at Fidelity Investments Institutional Services, Co., has left the firm to become a financial adviser with CAPTRUST Financial Advisors.

Marsh&McLennan Cos.' Insurance brokerage unit Marsh announced changes to its global organizational structure as well as several senior management appointments.

Chicago-based Hub International Limited, an insurance brokerage, announced Hub International of California Insurance Services, Inc. has acquired employee benefits consultant JRN Benefits.

Facing at least three lawsuits over its handling of investments in mortgage-backed securities, State Street Corp. on Thursday announced a new head of its investment unit and establishment...

JPMorgan Funds, the U.S. mutual fund business of JPMorgan Asset Management, has announced that David Kelly will become its Chief Market Strategist.

Marsh&McLennan Cos Inc (MMC) has announced it will replace embattled CEO Michael Cherkasky and is evaluating strategies to boost shareholder value.