Industry

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.

UBS announced Thursday it hired Dave Schrohe as chief operating officer of its wealth management solutions management team.

Cypress Trust Co., based in Palm Beach, Fla., cherishes its status as an independent trust company, and is counting on its newly appointed president and chief executive officer, to preserve that.

Broadridge has acquired financial services client communications firm Forefield for $19.5 million.

Charles Schwab Corp. announced Wednesday evening that it named Marie A. Chandoha president and chief executive officer of Charles Schwab Investment Management Inc., which is the investment advisor to Schwab and Laudus Funds.

O’Neill began his Wall Street career at L.F. Rothschild & Co. in 1972. At Rothschild, he worked with financial institutions in the firm’s bank service group. By 1984, he was appointed managing director of the group which then had 55 dealmakers.

Charles Schwab Corp. announced Wednesday evening that it named Marie A. Chandoha president and chief executive officer of Charles Schwab Investment Management Inc.