Industry

State Street Global Advisors this week announced a pair of executive moves, naming Bill Street as its news global head of fixed income alpha strategies and Brian Kinney as its new global head of fixed income beta strategies.

Robert W. Baird & Co. has continued its San Francisco expansion by hiring financial advisors Jonathan Fitzgibbons and Joyce Linker from ThinkEquity LLC.

Bank of America Merrill Lynch has hired UBS financial Advisor Christopher Bollenbach to its Century City, Calif. office.

UBS Wealth Management Americas has hired financial advisor David Mattia from Convergent Wealth Advisors to serve in its Rochester, N.Y. office.

Giant financial institutions and wirehouses that spent fortunes attracting and retaining top-producing brokers and wealth managers over the past few years may be about to get socked with a big wave of departures this year and, especially, in 2012.

Morgan Stanley Smith Barney plans to continue to trim underperformers from its financial advisor force in addition to the 300 positions that it severed in the first quarter, a spokesperson for the firm confirmed on Tuesday.

Giant financial institutions and wirehouses that spent fortunes attracting and retaining top-producing brokers and wealth managers over the past few years may be about to get socked with a big wave of departures this year and, especially, in 2012.

Former Morgan Stanley Smith Barney Complex Manager and Senior Vice President Frank LaRosa’s public records have been updated with details of an investigation into alleged spending violations following his sudden discharge from the firm in May.

Jefferies Group this week tapped Clifford Lanier as its new managing director and head of fixed income cross product sales.

American Century Investments has hired Peter Cieszko as senior vice president. In this newly created position, Cieszko will be responsible for all institutional and intermediary sales in North America, including wirehouses, regional and independent advisors, banks, insurance companies, corporate and public pension plans, endowments and foundations. Reporting to Michael Green, head of global client relationships, Cieszko will join the company later this summer.