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trendspotting
Trendspotting
Stories that appeared in the Trendspotting section of the magazine and online.
Allianz Life Names New President and CEO
Allianz Life Insurance Company of North America named Walter White as president and CEO, effective January 1, 2012.
Companies Worldwide Focusing on SWFs and EMs
An investor relations report from BNY Mellon found companies worldwide are continuing to expand outreach to sovereign wealth funds (SWFs) and emerging markets (EMs).
It’s All in the Stars… If You Believe That Sort of Thing
A recent study from CareerBuilder examines patterns in career paths and how they align with astrological signs and birth order.
MFS Names Co-Heads of Global Distribution
Carol Geremia and James Jessee have been named as Co-Heads of Global Distribution at MFS.
Vanguard LifeStrategy Funds to Adopt All-Index Approach
The four funds in the Vanguard LifeStrategy series, which currently feature a mix of passively and actively managed funds, will adopt an all-index approach.
Florida Bank Wins Dismissal of Stock Drop Suit
A federal court has dismissed claims that trustees and directors of Orion Bancorp’s Employee Stock Ownership Plan (ESOP) breached their fiduciary duties under the ERISA by continuing to...
More Retirement Plans Expected to Offer SRI Options
The number of defined contribution (DC) retirement plans offering a sustainable and responsible investing (SRI) choice could double in the next two to three years, according to Mercer.
UBS CEO Resigns in Trading Fallout
The UBS Board of Directors has accepted the resignation of CEO Oswald J. Grübel, as the bank tries to recover from its recent trading scandal.
Asset Managers Not Supporting Needs of Distributors
Distributors are changing the way they do business, leading them to seek creative, new alternatives from asset managers, according to a report from kasina.
Reactions to SRO Draft Proposal Pouring Out
FINRA and industry groups are weighing in this week on Rep. Bachus’ (R-Alabama) draft proposal for a new self-regulatory organization (SRO) to oversee financial advisers.
New York Life Retirement Announces New Execs
New York Life Retirement Plan Services has promoted Patrick Murphy, Rachel Rice, and Lynda Abend.
U.S. Employees’ Retirement Preparedness Remains Low
U.S. employees’ retirement preparedness remains low despite a positive trend in employees improving their finances and putting greater emphasis on retirement, according to Financial Finesse.
Mirae Asset Global Investments Appoints President and CEO
Mirae Asset Global Investments (USA) has named Joon Kwun as President and CEO.
BofA Advisers Get New Boss in Management Shakeup
A reorganization of Bank of America’s management team by Chief Executive Officer Brian Moynihan has meant the end of Sallie Krawcheck’s tenure at the firm.
Summit Alliance Division to Focus on Executive Comp
Summit Alliance Financial has partnered with Michael G. Goldstein and W. Garrett McDaniel, to form a new division, Summit Alliance Executive Benefits, LLC.
Hassell Named Chairman and CEO of BNY Mellon
BNY Mellon announced Gerald L. Hassell, currently its president, has been appointed Chairman and Chief Executive Officer for the company, effective immediately.
Natixis Announces Americas Platform Additions
As part of the expansion of its Americas platform, Natixis has announced senior appointments in its Fixed Income, Commodities & Treasury (FICT) Americas team.