Deals & People

Managed account and investment services provider Financial Engines announced Lawrence Raffone will succeed Jeffrey Maggioncalda as chief executive officer of the firm, effective January 1, 2015.

Sandy McCarthy has been named benefits administration leader at Mercer.

Highland Capital Management announced the appointment of Carla Martin as managing director of national accounts in the firm's independent broker/dealer (B/D) channel.

Jeff Passmore has joined investment manager Barrow, Hanley Mewhinney & Strauss LLC to focus on liability-driven investing solutions.

Advanced Capital Group (ACG), a registered investment advisory firm, is opening an office in Chicago, Illinois.

Great-West Financial has introduced Empower, a new retirement services company.

The launch of the “Empower” brand by Great-West Financial will be closely watched by the retirement services industry. PLANADVISER spoke with industry professionals who had a chance to...

In his new role at Mesirow Financial, Matt Ferullo will be responsible for collaborating with partners on strategic initiatives, business development, sales and marketing.

HighTower, the Baltimore-based financial services firm delivering differentiated solutions to corporate plan sponsors, announced the addition of Charlie Vieth and Steve Zients to its team.

Drew Miyawaki and Aodhagan Byrne, both members of the U.K. operations of Legal & General Investment Management America Inc. (LGIMA), have joined the U.S. division.

MassMutual’s retirement services group has added several members to its Taft-Hartley retirement plan client service team.

Michael Kushner has joined retirement plan consulting firm Cafaro Greenleaf as director of participant services.

Legal & General Investment Management America, Inc. (LGIMA) announced that it has hired four executives to support its expanding liability-driven investing (LDI) business.

Voya Financial Chairman and CEO Rodney Martin Jr. has taken over direct leadership of the company’s retirement solutions business.

The Newport Group, Inc. and Verisight, Inc. are joining forces to increase the size, scale and reach of their respective businesses.

John Hancock Retirement Plan Services (RPS) hired Chris Bradford as regional vice president for sales and relationship development among advisers and plan consultants in Colorado, Wyoming and Montana.

Abigail P. Johnson, the granddaughter of Fidelity’s founder, has agreed to accept the position of chief executive officer (CEO) of FMR, LLC.

Janus Capital Group Inc. has agreed to acquire VS Holdings Inc., the parent company of institutionally-focused exchange-traded fund (ETF) provider VelocityShares LLC.

Mariner Holdings, an independent financial services firm and the parent company of Mariner Wealth Advisors and Montage Investments, launched an affiliate firm specializing in retirement plans.

SageView Advisory Group added three staffers to the firm’s regional office in Chicago.