Industry

MF Global Holdings Ltd. this week appointed David Simons as its new global head of operations where he will oversee the management and strategic development of trade processing and clearing operations.

Last year was a good one for registered investment advisors, according to the 2011 RIA Benchmarking Study from Charles Schwab, the largest focused solely on RIAs.

Bank of America has lured Morgan Stanley Smith Barney financial advisor David Massey, who previously had $1 billion in assets under management, to its Merrill Lynch brokerage in Carlsbad, Calif.

UBS Wealth Management Americas continues to build on its recent hiring spree with the addition of a two-member Morgan Stanley Smith Barney financial advisor team in Tucson, Ariz.

The Depository Trust & Clearing Corporation (DTCC) has named Credit Suisse executive Noel Donohoe to a newly created position of executive managing director and group chief risk officer.

In the second of a two-part series, Adam Moseley, managing director of Schwab Advisor Services' technology consulting group, talks about the benefits of making your client relationship management (CRM) system the command center of the entire RIA operation.

UBS Wealth Management Americas hired a two-member Bank of America Merrill Lynch team in its Akron, Ohio office. The team includes financial advisors Tom Ulrich and Nick Bryant. Together, they had $1.6 million in annual fees and commissions and $260 million in assets under management.

A trickle of corporate cash is beginning to flow into acquisitions, business launches and other capital expenditures, according to the 2011 AFP Liquidity Survey by the Association for Financial Professionals.

In the first of a two-part series, Adam Moseley, managing director of Schwab Advisor Services' technology consulting group, explains how RIAs can get the most out of their IT investments.

Barclays Wealth has hired six new investment representatives from Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley Smith Barney.