Industry

On July 31, 2012, John (Jack) Bogle, founder of The Vanguard Group, Inc., has a new gig.

The Swiss financial services firm said it suffered $357 million of losses from "the gross mishandling of Facebook's market debut" by Nasdaq OMX Group and that it will "pursue compensation for the full extent of our losses."

Mirae Asset Global Investments has appointed Howard Atkinson as the Global Head of ETF Sales and Marketing. Atkinson is currently the president of Horizons ETFs Management (Canada) Inc., a subsidiary of MAGI.

Morgan Stanley Smith Barney has scaled back its number of total regions to 12 from 16.

A former AllianceBernstein investment guru is taking a stab at public service.

Raleigh, N.C.-based Hatteras Funds is hosting its own alternative investments road show. The series of forums across the U.S. will allow advisors, home office research teams and consultants to meet the managers of the Hatteras alternative mutual funds, which include Alpha Hedged Strategies Fund, Long/Short Equity Fund, and Long/Short Debt Fund.

Estee lauder’s chief executive officer, Fabrizio Freda, is giving BlackRock, Inc.’s Board of Directors a makeover. Well, sort of.

Los Angeles-based del Rey Global Investors, LLC, has expanded its sales and marketing groups with the addition of Dean C. Phillips as vice president, National Sales and Marketing, and Dennis McCarthy, vice president, Institutional Sales.

Timothy P. Mertz joined Northern Trust as a senior private banker and relationship manager and will lead a three-person banking team.

Elisabeth Baldwin joins Raymond James Morgan Keegan’s Gainesville, Ga., office after managing over $100 million at BB&T.