Garen Named to New York Life Participant Strategy Role
New York Life Retirement Plan Services, a division of New York Life Investments, has appointed Deanna Garen managing director of participant strategy.
Deals & People
ING Clarion Kicks off DC Real Estate Offering
ING Clarion Partners LLC, a real estate investment adviser, is entering the defined contribution (DC) market, the company announced.
Hearing about Solis Nomination for DoL Held Up
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 Adds Core Equity Team
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 Names Fidelity Alum as DC Business Leader
Putnam Investments has named Edmund F. Murphy III, a 25-year industry veteran, as managing director and head of Defined Contribution.
Great-West Appoints More Regional Sales Directors
Great-West Retirement Services has appointed Thomas R. Mordaunt and Jason C. Smoot as regional sales directors for its 401(k) business.
New Merrill Brokers Get Pink Slips
Merrill Lynch laid off an undisclosed number of short-tenured advisers this week, according to news reports.
McColgan To Exit Morgan Stanley
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...
Roberts Joins Reish Luftman to Focus on Advisers
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.
FTSE Acquires Qualitative Analysis Business to Bolster Support for New Indexes
The FTSE Group has completed the acquisition of Pensions Benchmark Corporation (PBC), a U.S.-based quantitative analysis business.
Bostonian Group Takes Stake in Benefits Provider for Small Plans
The Bostonian Group, a Boston-based employee benefits firm, has acquired a minority share of Marketing Associates Financial Services, Inc. (MAFS).
AIG Global R/E Seeks Buyer for Fund Management Biz
AIG Global Real Estate has announced plans to divest its fund management business.
John Hancock, Ameriprise Financial Reach Distribution Agreement
Ameriprise Financial advisers can now use John Hancock Retirement Plan Services’ product services with 401(k) plans.
Sentinel Financial Services Company Announces Hires, National Sales Manager
Sentinel Investments, the investment management arm of Vermont-based National Life Group, announced new hires across its distribution team.
Bloom Named CEO of Commonwealth
Commonwealth Financial Network announced that Wayne Bloom has been appointed as CEO.