Industry

Led by a former Morgan Stanley Smith Barney exec, the company will target family clients.

New York Life Insurance has hired three in its retirement income security group.

Tom Breaux and Ian James join Raymond James as financial advisors and will operate independent firm Capital Financial Group.

Stephen Campbell joins Citi Private Bank after serving as chief investment officer at Zefram LLC, the personal investment company of Amazon.com founder Jeff Bezos.

The trust unit continues to see record growth; promotes two managers

UBS has hired a team of five new advisors from U.S. Trust to serve in the firm’s new private wealth management office in Charlotte, N.C.

Greg Fleming was named president of global wealth management at Morgan Stanley Smith Barney, replacing Charlie Johnston. Fleming previously oversaw the firm's asset management business. With this move, he will take over one of the most significant firms in the advisory business. MSSB was formed in January 2009 from the joint venture between wirehouses Morgan Stanley and Smith Barney. Morgan Stanley continues to integrate that joint venture, while also drawing industry comparisons to BofA/Merrill Lynch as the other dominant player in the industry. Johnston, who will become vice chairman of MSSB for the next year, wanted to spend more time with his family and charitable pursuits, according to a company memo. Others noted that his departure marks a decreased role for former Smith Barney management in the joint venture.

Baird has tapped three new professionals from the Gawelski Group to bring its Milwaukee wealth management group to 69 total.

BlackRock has hired Nancy Everett as managing director, head of U.S. fiduciary management solutions, a new position. She was previously chief executive officer of Promark Global Advisors, previously known as General Motors Asset Management.

First Republic Bank, a San Francisco private banking and wealth management firm, announced Monday it hired Lucas Newman and Michael Tinney as portfolio managers and managing directors for First Republic Private Wealth Management in Portland, Ore.