Industry

Julie Castle will succeed George Feiger as CEO of Contango Capital Advisors, Zions’ wealth management subsidiary.

In its second big recruiting move of the year, HighTower has picked up a former branch manager from Morgan Stanley.

“Wall Street is still in transition, but is slowly adjusting to changes in its economic and regulatory environment,” the state CFO said in a Feb. 26 announcement. “Profits and bonuses rebounded in 2012, but the industry is still restructuring.”

Newfleet Asset Management, an affiliated manager of Virtus Investment Partners, has named Christopher Kelleher has been named senior managing director and head of institutional asset management.

BlackRock, the world’s biggest asset manager, replaced portfolio managers at funds including those that invest in energy as it seeks to improve performance at actively run products.

A new North Carolina office helps spur the firm’s push into Southeastern markets.

Three American Century Investments portfolio managers are popping the champagne after their latest promotions.

Five advisors with a combined $500 million in assets have joined Baird from Morgan Stanley and Wells Fargo.

Financial services mergers & acquisitions will face both uncertainty and opportunities in 2013 due to increased regulatory costs, depressed organic growth, and the greater availability of attractive financing, according to a new report issued by PwC US.

Almost a year after Raymond James purchased Morgan Keegan, the integration has passed its last major milestone, which means the end of the venerable Morgan Keegan brand. The final integration will make Raymond James one of the largest brokerage firms behind the four wirehouses with almost 6,300 advisors in its brokerage, roughly 900 of whom come from Morgan Keegan.