Deals & People

Wells Fargo’s Institutional Retirement and Trust division is offering retirement plan participants institutionally priced annuities on the Hueler Income Solutions platform.

Morgan Stanley Investment Management (MSIM) has announced the launch of the Morgan Stanley Emerging Manager Program (EM Program).

Brian Moynihan will take over as Bank of America’s (BofA) CEO and president following the retirement of Kenneth Lewis on December 31, the company announced.

Prudential Financial, Inc., announced that it will rename its mutual fund family, JennisonDryden, to Prudential Investments.

Pioneer Investments has announced seven additions to its U.S. sales team, continuing the expansion of its sales force aimed at supporting the firm’s largest retail clients.

Putnam Investments hired Scott Sipple as head of Strategic Relationships, focused on communication with the asset management research platforms of major wealth management firms.

The Newport Group has appointed Ann Ennis to the position of vice president, Financial Institution Services.

Clark Consulting, Inc., has announced executive promotions and hires designed to help the company improve services in the fields of executive benefits and strategic financing solutions, such as...

Glenmede has announced that Jason Pride has joined the firm as director of Investment Strategy, a newly created position.

Morgan Stanley has tapped a former Merrill Lynch exec to head its investment management arm, according to published reports.

Bruce Harrington, LPL Financial's SVP of retirement solutions, has left the broker/dealer.

DWS Investments, the U.S. retail unit of Deutsche Bank’s global Asset Management division, has appointed Gregory Troccoli and Robert Kendall as directors.

ING said it has added staff to further the company’s multicultural sales efforts, particularly in its retirement services business.

MFC Global Investment Management (MFC GIM) named Bradford G. Thomas as director of Consultant Relations.

Putnam Investments LLC will dismiss three fund managers as part of a broader move to cut 5% of its staff.

Charles C. Cornelio, who most recently served as chief administrative officer of Lincoln Financial, has been named president of Lincoln’s Defined Contribution business, effective immediately.

Andy Sieg, head of Retirement & Philanthropic Services (RPS) at Bank of America Merrill Lynch, has made retirement leadership changes, including two promotions and one outside hire.

The California Institute of Technology has chosen TIAA-CREF to be the single administrative services provider for the Caltech Retirement Program, beginning January 1.

PIMCO announced that it hired Neel Kashkari, the former czar of the Troubled Asset Relief Program (TARP), as well as two portfolio managers from Franklin Templeton Investments.

Alabama is switching to a new 457 deferred compensation plan provider amid concerns about the previous provider and its relationship with the Alabama State Employees Association (ASEA).