Industry

Bank of America Corp. announced Tuesday it hired Lisa Shalett as chief investment officer of Merrill Lynch Global Wealth Management and head of investment management and guidance.

Ma-Apfel joins a pair of recent big hires from major custodians.

Fidelity Investments is seeing a definite increase in the number of “breakaway” brokerage teams going independent.

Nuveen Investments Inc. announced Thursday it will buy FAF Advisors from U.S. Bancorp.

Eleven-year veteran with the company begins new appointment immediately.

Sica goes independent, executive changes at Citi and Hartford plus more of this week's personnel moves.

Tim Sheridan makes the move to serve as a complex manager.

Dr. W. Van Harlow has been named director for Investment Retirement Solutions at Putnam Investments where he will focus on the development of asset allocation tools and planning methodologies used by financial advisors, consultants and plan sponsors in the retirement and institutional markets, the firm announced today.

Rockefeller Financial, a wealth and investment management services firm, has named Reuben Jeffery III as its new CEO, this according to an announcement yesterday.

Over the past three months, BNY Mellon Asset Management has lost two executives to outside opportunities. The most recent departure is its Co-Interim Head Jon Little.