Career moves

The seven recruits made the move from three wirehouses, Raymond James and Stifel.

With core business down and adviser headcount shrinking, the brokerage nets a profit by selling non-essential divisions.

The legendary money manager is losing his No. 2, Kumar Palghat, who will become co-manager of a new Janus Short Duration Income ETF.

Seven recruits made the move to either the firm's employee or independent channels.

David Paterson, who was the Empire State's top executive from 2008 to 2010, has joined a group that includes former wide receiver Wayne Chrebet.

The turn to an outsider marks the latest twist in a struggle to regain footing after a steep decline.

The recuits joined the wirehouse from Deutsche Bank, which is selling its U.S. Private Client Services unit to Raymond James.

The regional BD also recruited a complex manager from J.P. Morgan.

Thomas Dicker will oversee the firm's 38 U.S. wealth offices and will be responsible for driving growth.

Johnson has overseen the $849 million Pimco EqS Long/Short Fund, which takes positions in stocks he selected, since its 2003 inception at his previous firm.