Industry

Wasatch Advisors has named Eugene “Gene” Podsiadlo director of mutual funds.

DST Systems has signed a definitive agreement to acquire ALPS for $250 million in cash.

Russell Investmentshas promoted Len Brennan to president and chief executive officer, succeeding Andrew Doman, who is now chairman of the board.

Fidelity Investments has named Scott Couto as the new president of its Financial Advisor Solutions unit, where he will oversee the firm's product suite, investment consulting services, product analysis and marketing endeavors.

Fidelity Investments this week named Scott Couto as the new president of its Financial Advisor Solutions unit where he will oversee the firm's product suite, investment consulting services, product analysis and marketing endeavors.

Pyramis Global Advisors, Fidelity Investments’ institutional business, has established a cash management business in London to offer a suite of money market and other cash management solutions in the world’s major currencies.

Federated Investors has completed its acquisition of $509 million in mutual fund assets covering equities, fixed income and money markets from EquiTrust Series Fund and EquiTrust Variable Insurance Series Fund.

Hutchens Investment Management has merged with New Leaf Asset Management, with New Leaf executives Fletcher Cole and Carrie Bossi joining the Hutchens team.

DST Systems has signed a definitive agreement to acquire ALPS for $250 million in cash. Once the deal closes, which is expected in the fourth quarter, ALPS will be marketed as “ALPS, a DST Company.”

Russell Investments has promoted Len Brennan to president and chief executive officer, succeeding Andrew Doman, who is now chairman of the board. Ed Zore, who has been chairman since 2008, will remain on the board as a director.