Deals & People

New York Life Insurance Company says that John Y. Kim, 47, will join the company and head its investment management arm, New York Life Investment Management LLC (NYLIM).

UBS Financial Services Inc. has opened a Private Wealth Management office in Houston, Texas, the eighth of such offices dedicated to serving the specialized needs of clients with...

Joseph D. Stecher will be joining Morgan Stanley Alternative Investment Partners as Managing Director and Chief Investment Officer of the firm’s real estate fund of funds business.

John Hancock Retirement Plan Services has added two senior officers dedicated to relationships with TPAs and realigned seven regional marketing directors to more closely work with the TPA...

Christopher Callahan has been named director of North American Sales and Relationship Management for MFS Institutional Advisors, Inc. (MFSI).

CPI Qualified Plan Consultants, Inc. has added JPMorgan Funds to its retirement plan platform.

TIAA-CREF has named Bill Riegel the company’s Head of Global Equity Investments, succeeding Susan Ulick, who will retire on April 1, 2008 as planned.

M Financial Group announced that Garden City, New York-based Chernoff Diamond&Co., LLC, has become a Provisional Member Firm.

401(k)Advisors, with $32 billion in collective assets under advisement through its Producer Services Unit, has appointed John L. Scott to the newly created position of Managing Director for...

American Century Investments announced Joseph P. Craven has joined the firm as senior vice president of its institutional business.

John C. Kennedy has joined MetLife Investors Distribution Company to lead the company’s wirehouse channel.

Everett most recently served as senior vice president and deputy general counsel at the Principal Financial Group, the company said in an announcement. Ralph Eucher, former president of...

RBC Dain Rauscher has changed its brand name to RBC Wealth Management.

Massachusetts Mutual Life Insurance Company (MassMutual) has agreed to buy Memphis-based First Mercantile Trust Company from SunTrust Banks, Inc.

Chicago-based insurance broker Lockton Companies is expanding the capabilities of its Chicago office to include retirement plan consulting services for corporate and not-for-profit organizations.

Effective March 1, 2008, The Scarborough Group, Inc. will become two companies – Scarborough Capital Management, Inc. and Retirement Management Systems, Inc. – offering services to 401(k) participants...

Larry D. Zimpleman will take on the new role of chief executive officer at the Principal Financial Group, effective May 1, 2008.

Citi and Legg Mason have agreed that Citi Global Wealth Management (GWM) will acquire the overlay and implementation business of Legg Mason Private Portfolio Group (LMPPG).

Charles McCollough Wright, CFA, has joined Wall Street Access’ Private Wealth Management Group as Managing Director.

Mutual of Omaha is now offering plan sponsors a retirement platform that integrates with existing third party administrators.