Deals & People

Putnam Investments plans to cut 260 jobs primarily in sales and operations.

National Financial Partners (NFP) saw its stock soar after it announced it might pay off outstanding amounts in its credit facility, Reuters reported.

National Retirement Partners, Inc. (NRP) said nine practices have recently joined NRP.

Investment management firm Eaton Vance Corp. announced that Niall Michael Quinn has joined the firm as Managing Director of Eaton Vance Management International.

UBS has divided its wealth management units “to adjust to new market conditions and the changing environment,″ the company said.

New York Life Retirement Plan Services, a division of New York Life Investments, has appointed Deanna Garen managing director of participant strategy.

ING Clarion Partners LLC, a real estate investment adviser, is entering the defined contribution (DC) market, the company announced.

The pending nomination of U.S. Representative Hilda Solis (D-California) as Department of Labor (DoL) secretary was put off after word that her husband has paid $6,400 to settle...

Evercore Asset Management, LLC (EAM), an institutional money manager specializing in small- and mid-cap equities, announced the addition of a small- and mid-cap core team to the firm.

Putnam Investments has named Edmund F. Murphy III, a 25-year industry veteran, as managing director and head of Defined Contribution.

Great-West Retirement Services has appointed Thomas R. Mordaunt and Jason C. Smoot as regional sales directors for its 401(k) business.

Merrill Lynch laid off an undisclosed number of short-tenured advisers this week, according to news reports.

Ellyn McColgan, president and COO of the global wealth management group at Morgan Stanley, will not be around when the group merges with Smith Barney, according to a...

Jason Roberts moved from Edgerton Weaver, LLP, to join as a partner in the Employee Benefits practice at business law firm Reish Luftman Reicher&Cohen.

The FTSE Group has completed the acquisition of Pensions Benchmark Corporation (PBC), a U.S.-based quantitative analysis business.

The Bostonian Group, a Boston-based employee benefits firm, has acquired a minority share of Marketing Associates Financial Services, Inc. (MAFS).

AIG Global Real Estate has announced plans to divest its fund management business.

Ameriprise Financial advisers can now use John Hancock Retirement Plan Services’ product services with 401(k) plans.

Sentinel Investments, the investment management arm of Vermont-based National Life Group, announced new hires across its distribution team.

Commonwealth Financial Network announced that Wayne Bloom has been appointed as CEO.