M&I Appoints Vice President, Director of Institutional Sales
M&I Investment Management Corp. has appointed Thomas Nolte, formerly of Wells Fargo and Strong Capital Management, as vice president, director of institutional sales.
Deals & People
Oppenheimer RK Program Added to Merrill Retirement Platform
Record(k)eeper Pro, OppenheimerFunds' retirement program for small- to mid-sized companies in the 401(k) marketplace, has been added to the MLConnect retirement platform at Merrill Lynch.
Mullahy Tapped for UBS Asset Management Post
Christopher Mullahy has joined UBS Global Asset Management's Defined Contribution and Retirement Solutions Group as head of sales.
Wall Street Access Joins NRP Network
Wall Street Access will join National Retirement Partners, Inc (NRP), effective October 1, 2007.
AXA Equitable Appoints Fidelity Exec as Head of Corporate Retirement Planning
AXA Equitable Life Insurance Co. has named William McDermott as Executive Vice President of Corporate Markets, where he will develop retirement solutions for large companies.
Lincoln Financial Network Makes Appointment to Southeast Advisor Recruitment Team
The retail sales and financial planning division of Lincoln Financial Group has appointed Christine Baker as Regional Managing Director, Advisor Recruitment, for the Southeast territory.
UBS Expands Private Wealth Operation to Chicago
UBS has opened a Private Wealth Management operation in Chicago, Illinois, its third such office in the U.S.
Thornburg Announces Agreement to Waive Fees for R Class Shares
Thornburg Investment Management has agreed to waive fees and reimburse expenses for the Thornburg Funds’ R class shares.
Bank of America Names Carey as New Retirement Solutions Head
Bank of America has appointed Bill Carey, formerly of Fidelity Investments, as national executive of Business Retirement Solutions.
Columbia Management Gets New CIO
Columbia Management has appointed Colin Moore as chief investment officer, expanding his role as head of equity to include responsibility for all investment activities.
NAPFA Offers Adviser Access to Annuity Platform
The National Association of Personal Financial Advisors (NAPFA) will offer its fee-only members access to institutionally-priced immediate annuities via Hueler Companies’ platform.
Great West Appoints Three 401(k) Sales Execs
Great-West Retirement Services has appointed three regional sales directors to focus on development of new corporate 401(k) business.
Fiduciary360 Taps Aikin as CEO
Fiduciary360 has announced that founder and former CEO Donald B. Trone will focus his efforts on the now independent Foundation for Fiduciary Studies.
U.K. Firm Picks Up Nationwide Active Asset Management Unit
Nationwide has agreed to sell its active asset management business to British fund firm Aberdeen Asset Management.
Pioneer Makes Two Institutional Side Appointments
Pioneer Investments has appointed Ray Dutcher, formerly of MFS Institutional Advisors, as Director of its U.S. Institutional Client Service operation.