Industry

The federal government accuses Peter Ghavami, Gary Heinz and Michael Welty of fraud relating to municipal bond bids.

Robbins has spent much of her career helping women through major changes in their lives, which is part of the reason Wilmington Brokerage Services Co. appointed her vice president and client relationship manager.

Bank of America Merrill Lynch Global Research has added two new senior analysts focusing on socially responsible investing and sustainability.

ICI has also promoted Gunas to government affairs officer.

The Investment Company Institute announced Thursday that it has hired two executives on its government affairs team and promoted another person in the group.

The new appointments bring the company's total new advisor hires for 2010 to 50.

J.P. Morgan Asset Management has hired Michael Falcon as a managing director and head of retirement in the United States and Canada.

As part of an initiative to expand, the New York-based wealth manager hired Michael C. Brown as a partner and director of wealth management.

Tom Naratil, promoted internally, to replace him, while Sergio Ermotti will join from UniCredit and run Europe.

Salient Partners LP, a $16 billion Houston-based wealth manager, has agreed to buy RDG Capital LLC, a Houston boutique wealth advisory firm.