Deals & People

Genworth Financial, Inc. agreed to acquire the Altegris companies, a provider of alternative investments including hedge funds and managed futures products, representing approximately $2 billion in client assets.

Putnam Investments has made changes to senior roles on its defined contribution team, in what Edmund F. Murphy, III, Managing Director, Head of Defined Contribution, called “the...

David Ravarino will be the new regional vice president in Transamerica Retirement Service’s western region.

Symetra Life Insurance Company named Richard Moran vice president and national sales manager for the company’s retirement and life insurance products.

Forward Management, LLC hired Victor Melinauskas as Regional Sales Director for the Pacific Northwest Territory.

Tom Fickinger was appointed head of Financial Advisor Strategy, a newly created role, at Merrill Lynch.   

Fifth Third Institutional Services has named John Kahle as National Head of Sales for the Bank’s 12-state service area.

Wilmington Trust has hired Karen S. Bonn as a client development officer at Wilmington Trust Retirement and Institutional Services Company (WTRIS).

Plan Sponsor Advisors, LLC (PSA) has hired Theresa “Tess” Malone as its new National Practice Leader.

State Street Global Advisors (SSgA) announced two appointments to its fixed income and equity investment teams.

GE Asset Management (GEAM) has hired Steve Johnson as Senior Vice President and Head of Sales – U.S. and Asia.

Aon Corporation has announced a $325 million restructuring plan, undertaken in connection with its acquisition of Hewitt Associates, in which 1,500 to 1,800 jobs are expected to be...

Rich Linton, the recently appointed head of Business Retirement Solutions at Bank of America (BofA) Merrill Lynch, has announced organizational changes to his team.

The benefits provider and human resources firm are joining forces to offer expanded options to small and mid-sized plans.

Hewitt EnnisKnupp hired Karen Rode as the leader of its Global Private Equity group.

Benjamin Woloshin joins New York Life Insurance Company as senior vice president and head of relationship management for its Retirement Income Security (RIS) business.

Joyce Frost and Frank Iacono, former executives with Morgan Stanley, along with Chris Frost, former Managing Director at Societe Generale, have formed Riverside Risk Advisors LLC.

Chris Schneeman, Mark Boser, and Steve Sawyer of SevenHills Plan Advisors are joining the Retirement Plan Advisory Group (RPAG), using Financial Telesis, Inc. (FTI) as their broker/dealer.  

Genworth Financial Wealth Management (GFWM), a subsidiary of Genworth Financial, has hired Michael Kim as senior vice president of business and channel development.

ING has named William (Bill) Leslie as Head of Pricing for the U.S. Retirement Services division, effective Monday.