Mark Tibergien Named CEO of Pershing Advisor Solutions
Mark Tibergien has joined Pershing Advisor Solutions LLC as chief executive officer and a member of Pershing LLC's Executive Committee, Pershing LLC, a subsidiary of The Bank of...
Deals & People
Fidelity Freedom Gets CIO
Fidelity Investments has tapped Ren Y. Cheng as chief investment officer (CIO) of its fast-growing life-cycle and asset-allocation funds, overseeing $130 billion in assets.
Mercer, Financial Engines Expand Alliance to Include Managed Accounts
Mercer HR Services and Financial Engines have worked out an expanded alliance to provide Financial Engines' full suite of advisory services, including managed accounts, to Mercer HR Services'...
Alerus Scoops Up Stanton Group’s RK and Adviser Services
Alerus Financial will acquire the recordkeeping and advisory operations of the Stanton Group, a Minneapolis-based benefits, compensation and insurance services firm.
Mercer IC Adds New National Leader for Financial Intermediaries
Mercer Investment Consulting (Mercer IC) announced that David Eisenberg has joined the firm in a new role as national segment leader - financial intermediaries.
Schwab Taps Cox as Chief Operating Officer of Corporate Services
Charles Schwab has announced the hiring of Tony Cox, a new senior executive to help lead the Schwab Corporate&Retirement Services division.
Metcalfe Resigns as WMSI CEO
Automated rollover provider Wealth Management Systems Inc. (WMSI) has appointed John Geli as Chief Executive Officer (CEO).
Marcks Named to Head Pru Retirement
Prudential Financial has tapped Christine C. Marcks as president of Prudential Retirement.
Pentegra to Offer SSgA Target Date Funds to DC Plan Participants
Pentegra Retirement Services will add State Street Global Advisor’s (SSgA) Target Retirement Strategies to its offerings for defined contribution plan participants.
The Principal Names New VP of Consultant Relations
The Principal Financial Group has announced that Cynthia LeMay has joined the company as vice president of consultant relations for Retirement and Investor Services.
McColgan Departs Fidelity After Four Months In New Post
One of the women who, it had been predicted, might take over Edward “Ned″ Johnson III’s reins at Fidelity Investments has announced her resignation, leaving behind the hovering...
BoA Unveils Six Exec Appointments
Bank of America (BoA) announced Tuesday that it had tapped six executives for posts in the leadership team for its new Global Wealth&Investment Management (GWIM) Alternative Investments group.
Three Nicholas-Applegate Managers Form New Asset Management Firm
Three former Nicholas-Applegate portfolio managers have announced the formation of Eudaimonia Asset Management, a majority employee-owned, institutionally-focused investment advisory boutique.
Smith Barney Appoints New Global Stock Plan Services Managing Director
Smith Barney has named Julian Clark, former President and CEO of Mellon Investor Services, as Managing Director of Smith Barney Global Stock Plan Services.
MetLife Teams with ProManage to Offer Managed Accounts
MetLife Resources and MetLife Securities, Inc have entered into a new alliance with ProManage, LLC, a registered investment adviser that specializes in providing managed accounts services for 401(k),...