Deals & People July 29, 2013

NFP Names Chief Operating Officer

Michael N. Goldman has been appointed chief operating officer at National Financial Partners Corp.

Reported by

As COO, Goldman will oversee capital deployment initiatives, including strategic acquisitions and management contract buyouts. He will also focus on operational initiatives that advance NFP’s strategy and enhance client service. Goldman will report directly to NFP’s chief executive officer, Douglas W. Hammond. His appointment is effective July 1.

Goldman has been a senior member of the NFP team for more than a decade. He was named senior vice president of mergers and acquisitions (M&A) in 2005 and executive vice president in 2008. Previously, he served as senior vice president and associate general counsel for the company. Goldman began his career as an associate in the M&A department of the law firm Skadden, Arps, Slate, Meagher & Flom LLP. He holds a bachelor’s degree from Yale University and a juris doctorate from the Columbia University School of Law.

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The company also announced that Carl E. Nelson, senior vice president of M&A, has been named head of the division.

Nelson joined NFP in 2001. Prior to joining NFP, Nelson guided M&A efforts at Ernst & Young LLP and Pricewaterhouse Coopers LLP. Nelson holds a bachelor’s degree from Syracuse University and a master’s degree in business administration from Fordham University.

National Financial Partners Corp. is a provider of benefits, insurance and wealth management services.

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Deals & People July 26, 2013

BofA Re-emphasizes Retirement in Unit Merge

The institutional, personal retirement and preferred segment solutions teams are being folded into one organization at Bank of America, and named retirement and personal wealth solutions.

Reported by

Jill Cornfield

According to an internal memo, the restructuring is to maximize capabilities and take “a holistic approach to serving clients and advisers.” David Tyrie, most recently head of personal wealth and retirement, will lead the division. Tyrie has been with Bank of America since early 2010. (See “BofA Merrill Lynch Hires Head of Personal Retirement Services.”) He was originally head of personal retirement services, and has remained in the division through restructurings. (See “B of A Creates Global Wealth and Retirement Solutions Divisions.”)

Kevin Crain moves to the newly created role of senior relationship executive, serving as liaison to select mega-market retirement and benefit plan clients. He will work in partnership with the institutional client relationship team and continue working closely with the global commercial bank, business bank and market president leadership teams, and will also partner with the government relations team on public policy matters related to retirement. He will report to Tyrie.

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Tom Halloran will remain head of the preferred segment solutions team, which is now part of retirement and personal wealth solutions. Steve Ulian, Rick Irace and Joe Mrozek, who are on the retirement and benefits services leadership team, will continue to support clients and the business in their current roles. All report to Tyrie.