Industry

The onslaught of retirement business over the next 20 years has been the big story-but beyond that, demographics paint an uncertain picture.

Barclays Wealth has hired eight financial advisors in the latest bid of its Americas expansion strategy. In Los Angeles, Barclays has hired Lisa Amster from Goldman Sachs, Audra Lalley from Morgan Stanley Private Wealth Management, Mark T. Lindee from Wells Fargo, and Kevin Monaco and David Garfin from Credit Suisse Private Banking. In Chicago, three-member team Stuart Buck, William Scherr and David Yaccino join from Goldman Sachs.

The managing director, global head of manager due diligence, private bank, at J.P. Morgan discusses her 17 years in the securities business.

Mutual of Omaha has named Seth Friedman to serve as 401(k) national sales director. He takes over for Michael Ziccardi, who left the firm in December to join Rekon Intrelligence, which works with advisors to help them build out their businesses.

The group chose Securities America because “we want to expand our business … [and]… we feel this is a better opportunity and fit than any other firm we researched and reviewed,” according to Tom Gahler.

Alternative mutual fund shop Direxion has hired Greg Blue to serve as senior regional sales director, focusing on the Florida market.

Joshua Levine, a former head of the America’s institutional sales team at The Permal Group, has joined BlackRock to lead the firm’s public and corporate pension plan effort in the East Coast.

Peter H. Sargent explains why he chose Janney. A 20-year veteran and top producer at Merrill, Sargent boasts $250 million in client assets.

Wells Fargo picked up two new financial advisors this week with the hiring of Jennifer Suleman from Morgan Stanley Smith Barney and Randal Keeth from Raymond James & Associates.

Dennis Sugino, president and co-founder Marina Del Rey, Calif.-based Cliffwater LLC, is retiring, as part of changes in the ownership structure of the alternative investment consulting firm.