Industry

Bank of America Merrill Lynch has hired David Tyrie, formerly with Putnam Investments, as head of personal retirement services. He will report directly to Andy Sieg, head of retirement and philanthropic services division.

As the State of Wisconsin Investment Board continues a push toward risk aversion, its staff laid out new goals for the fixed-income portfolio that would look to find additional alpha minus any apparent investment hazard.

BNP Paribas Corporate and Investment Banking has appointed Matt Salvner as head of fixed-income solutions for the Americas, the firm announced.bnp-names-head-fixed-income-americasbnp-names-head-fixed-income-americas

RBC Wealth Management promoted Brian Fields to branch director and vice president of its Lemoyne Penn., office.

Stephen Lawrence, a financial advisor from Northern Trust Securities, makes the move to Wells Fargo Advisors.

Ivy Asset Management, the embattled hedge fund of funds is shedding one of its most prized assets as it prepares to close down—Patrick Thomson.

After joining Weiss Group as chief executive officer last week, Thomas J. Clarke, Jr. gets to have direct hands-on experience in expanding a wealth management firm, where he sees big opportunities for growth.

Rockefeller Financial has named Reuben Jeffery III chief executive officer.

In an effort to improve its fixed income offerings, BlackRock Inc. announced Thursday it promoted Rick Rieder to chief investment officer of fixed income, fundamental portfolios.

BNY Mellon Asset Management has tapped Curtis Arledge, the former CIO of fixed-income at BlackRock, to take the helm and lead its business on a permanent basis.