Industry

He will replace Gary Wendlandt, the current vice chairman and chief investment officer, who will retire at yearend.

After three months of an active industry search, Grubb & Ellis has opted to name Michael Rispoli, the current CFO of its investment subsidiary, as the new lead financial officer and executive VP for the real estate services investment firm.

While quantitative analysts may feel they are no longer taking the blame for the financial crisis, they believe their work is still “misunderstood” by top executives.

Kathleen Hegenbart remembers the moment, five months ago, that proved a turning point for her. As is often the case in real life, it was not a dramatic office showdown. It was lunch. On a Wednesday.

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.