Industry

The Depository Trust & Clearing Corporation said Tuesday it plans to add a chairman of the board, with separate duties from that of its chief executive officer, Don Donohue.

Cieszko to be replaced by a report as interim distribution head.

Peter Cieszko, president of Fidelity Investments Institutional Services, the distribution arm of Fidelity, is leaving at the end of the year to “pursue other opportunities,” Vin Loporchio, a company spokesman said.

The Delaware company, currently in an acquisition deal with M&T Bank, added three senior wealth advisors from Boston Private.

While 2010 represented a modest improvement for mergers and acquisitions, the market for initial public offerings surged back to life, as domestic IPO activity eclipsed the previous two years, according to a report from PricewaterhouseCoopers.

The business-cycle recovery in the global economy that began in the summer of 2009 is now an expansion, says MSSB.

The Bank of America unit caps off a year of aggressive wealth management team expansion with the appointment of five new advisors.

The fourth-largest U.S. bank taps execs from Deutsche Bank, J.P. Morgan Chase, Oppenheimer

The law firm approved the appointment of the former Comptroller of the Currency on Monday to chair the firm's financial institutions group and to advise clients on ...

Global mergers rose 19% this year from last year and the top M&A adviser in 2010 was Goldman Sachs, according to data published by Thomson Reuters.