Deals & People

Great-West Retirement Services has appointed two regional sales directors to focus on development of new corporate 401(k) plan business through brokers, financial advisers, consultants, wirehouses, and third-party administrators.

Bank of America (BoA) today announced that Brian Moynihan has been named president of Global Banking and Global Wealth and Investment Management, replacing John Thain.

Former Merrill Lynch&Co. Chief Executive John Thain is on his way out of Bank of America Corp. (BoA), according to reports.

Tom M. Wirtshafter has been named president of American Portfolios Financial Services (APFS) and American Portfolios Advisors Inc. (APA), a registered investment adviser, according to an announcement.

Russell Investments has named Andrew S. Doman as the company’s new chief executive officer, effective February 2.

UBS Corporate Employee Financial Services (CEFS), a provider of equity compensation plan administration and wealth management services, has named Michael F. Barry to the position of executive director,...

The IPS AdvisorPro investment policy statement (IPS) technology platform will be available on a preferred basis to Garrett Planning Network's 300 financial advisers, a release said.

Unlike some of the Merrill Lynch advisers and senior management, the company’s bull logo will remain.

Morgan Stanley agreed Tuesday to a joint venture with Citigroup, forming the largest brokerage in the world with 20,000 financial advisers and $1.7 trillion in client assets.

Aon Consulting Worldwide announced that Francois Choquette will join the Global Benefits practice as senior vice president and leader of the Americas team, which covers the United States,...

Recordkeeper ExpertPlan has acquired a third-party administrator based in suburban Philadelphia.

John Vanderheyden has been tapped as senior vice president and COO of NFP Securities, Inc. (NFPSI), the broker/dealer subsidiary of National Financial Partners Corp.

OppenheimerFunds announced that Art Steinmetz has been named Director of Fixed Income, effective immediately.

Aon Consulting Worldwide has named Joe Clouse as senior vice president and Northeast regional leader of business development, the firm announced.

Citigroup is in talks with Morgan Stanley about a sale of its Smith Barney brokerage and asset-management unit, according to news reports.

Gregory Fleming, former president and chief operating officer of Merrill Lynch&Co., has left Bank of America to join Yale Law School’s faculty.

The Retirement Services division at American United Life Insurance Company (AUL), a OneAmerica company, has announced the appointment of James R. Daniel, Jr., as regional vice president for...

The Retirement Services division at American United Life Insurance Company (AUL), a OneAmerica company, named Michael Woomer as the division’s field vice president, consulting services.

Fidelity Investments named Peter Cieszko, former president and CEO of Evergreen Investments, as president of Fidelity Investments Institutional Services Company, Inc.

Transamerica Retirement Management, Inc., has selected money management firm Fund Architects to enhance its SecurePath Advisory Services retirement planning product.