Industry

On April 30, MME learned that DST is revamping its sales and marketing units.

BNY Mellon has named PeterPaul Pardi global head of distribution for its Investment Management business.

On April 27, City National Bank agreed to acquire Rochdale Investment Management, a $4.8 billion New York City-based investment firm.

Christine Gaze has been named the new director of practice management for TD Ameritrade Institutional.

On April 27, BNY Mellon named a new distribution head.

The investment bank announced Thursday that longtime Chairman Eric F. Billings will step down in June and that he will be replaced by the firm's president and chief executive, Richard J. Hendrix.

The Philadelphia-based wealth manager hired David Gaskin as chief operating officer to lead its growth strategy.

Wunderlich Securities has added six Equity Capital Markets professionals from Morgan Keegan. Of the new hires, four are located in Wunderlich’s Memphis headquarters while the other two are in the Institutional Sales Department in New York City.

The Chicago-based company has bolstered its wealth management team in with the addition of veteran advisor Brian Heilman.

Stephen D. Fisher, former senior vice president and deputy general counsel of Fidelity Investments, has joined Ernst & Young LLP’s Asset Management tax practice.