Industry

FINRA selected J. Bradley Bennett as its new enforcement chief. Bennett, a partner at the law firm Baker Botts in Washington, will start the job on Jan. 1, taking over from James Shorris, who has been acting chief of enforcement since Susan Merrill left the organization in March.

He will take over from James Shorris, who has been acting chief of enforcement since Susan Merrill left the organization in March.

UBS named Philip Lofts as CEO of UBS Group Americas, and Maureen Miskovic as group chief risk officer.

The 1,000-advisor firm is targeting $300,000-plus independent advisors, $1 million teams and $500,000 to $5 million firms.

The group is "part of a strategic build out" at the asset management firm.

CI Financial has entered into an agreement to acquire The Hartford’s Canadian mutual fund business, Hartford Investments Canada Corp., which has C$1.75 billion in assets under management. Terms of the deal were not disclosed.

Morningstar has entered into a definite agreement to acquire the annuity intelligence business of Advanced Sales and Marketing for $14.1 million.

The newly appointed president and chief executive officer at Jackson National Life Insurance Co., knows what it is like to be a financial advisor dealing with variable annuities.

The Delaware company hired Walter J. Dillingham Jr. as a managing director and business development officer; John M. Lawson as a managing director and investment advisor; and Leigh H. Weiss as a managing director and investment advisor.

Daniel Mendonça Barros was named CEO of the UBS broker-dealer and head of the UBS securities business in Brazil, effective when UBS' acquisition of Link Investimentos closes, expected in the fourth quarter.