Morgan Stanley Global Wealth Management Group (GWMG) announced that, this July, Rick Capozzi will join the firm as a Managing Director and National Sales Manager.
Deals & People
Fiserv, Inc. has announced the signing of definitive agreements to sell its Fiserv Investment Support Services (Fiserv ISS) operations in two separate transactions.
JPMorgan Asset Management has tapped John H. Hunt as Chief Executive Officer of JPMorgan Asset Management’s Institutional business in the Americas.
Toledo, Ohio-based Hylant Financial Services is the latest company to become a member firm of National Retirement Partners (NRP).
Scott Wertheim has joined CAPTRUST Financial Advisors as a Vice President, Financial Advisor in New York.
The broker-dealers of ING are lowering the fees that their advisers pay on two core advisory programs.
Three private equity executives have formed a new firm, Leucadia Capital Partners LLC (LCP), to provide customized private equity investment management and advisory services to institutional investors.
HSBC Bank USA N.A. has notified customers that it will cease providing 401(k) services by year's end.
Wilmington Trust Corporation will acquire Bingham Legg Advisers LLC, adding the Boston-based wealth management firm to its network of national Wealth Advisory Services offices.
MBM Advisors, Inc., a Houston-based investment advisory and pension administration and consulting firm, is to be acquired by bank holding company Sterling Bancshares, Inc.
Lincoln Financial Network (LFN) announced that Tammy Robbins has joined the firms’ planner/advisor recruiting group and will serve as Regional Managing Director for the West Coast territory.
BISYS announced Wednesday that it has agreed to be acquired by Citigroup Inc. for $1.45 billion in a deal that will also see BISYS’ retirement services unit sold to a private equity firm.
JPMorgan Worldwide Securities Services has named Edward Mollahan as employee benefit investment executive, a new position designed to help private and public institutions address growing requirements for benefit plan investment administration.
Nuveen Investments is acquiring HydePark Investment Strategies, a firm that specializes in enhanced equity investment management.
Fidelity Investments’ Vice Chairman and Chief Operating Officer Robert L. Reynolds announced his departure today.
Dodd F. Kittsley, previously the director of the Strategy and Research Group for State Street Global Advisors (SSgA), has joined Barclays Global Investors (BGI).
Cynthia L. Egan has left her post at Fidelity Investments to become president of T. Rowe Price Retirement Plan Services.
Delaware Investments has named Michael J. Hogan as Head of Equity Investments, overseeing all of the firm's equity management teams.
Piper Jaffray Companies announced the signing of a definitive agreement to acquire Fiduciary Asset Management, LLC, a St. Louis-based investment management firm, for approximately $66 million in cash.
Columbia Management Advisors, LLC (CMA), a subsidiary of Bank of America Corporation, has agreed to sell its Colonial closed-end fund management business to MFS Investment Management (MFS).