Deals & People

Glenmede has announced that Jason Pride has joined the firm as director of Investment Strategy, a newly created position.

Morgan Stanley has tapped a former Merrill Lynch exec to head its investment management arm, according to published reports.

Bruce Harrington, LPL Financial's SVP of retirement solutions, has left the broker/dealer.

DWS Investments, the U.S. retail unit of Deutsche Bank’s global Asset Management division, has appointed Gregory Troccoli and Robert Kendall as directors.

ING said it has added staff to further the company’s multicultural sales efforts, particularly in its retirement services business.

MFC Global Investment Management (MFC GIM) named Bradford G. Thomas as director of Consultant Relations.

Putnam Investments LLC will dismiss three fund managers as part of a broader move to cut 5% of its staff.

Charles C. Cornelio, who most recently served as chief administrative officer of Lincoln Financial, has been named president of Lincoln’s Defined Contribution business, effective immediately.

Andy Sieg, head of Retirement & Philanthropic Services (RPS) at Bank of America Merrill Lynch, has made retirement leadership changes, including two promotions and one outside hire.

The California Institute of Technology has chosen TIAA-CREF to be the single administrative services provider for the Caltech Retirement Program, beginning January 1.

PIMCO announced that it hired Neel Kashkari, the former czar of the Troubled Asset Relief Program (TARP), as well as two portfolio managers from Franklin Templeton Investments.

Alabama is switching to a new 457 deferred compensation plan provider amid concerns about the previous provider and its relationship with the Alabama State Employees Association (ASEA).

Great-West Retirement Services has appointed Doug Rosendahl as regional sales director for San Diego and surrounding areas.

An outgrowth of the firm RIA In A Box, the new firm Lexington Compliance aims to support registered investment advisers (RIAs) with management and review of compliance requirements.

Northern Trust's asset management arm, Northern Trust Global Investments (NTGI), has selected seven emerging and minority/women-owned broker/dealers for its list of preferred equity trading partners.