Industry

Nomura Draws In Barclays, Credit Suisse Dealmakers

The breakaway broker phenomenon continues at Columbia State Bank, Tacoma, where the brokerage unit has hired three wirehouse veterans over the past six months, and the $5 billion-asset bank may not be done.

Bob Ellis, former president of Novarica, will develop an academic program on finance and investing for the school.

Kelleher was previously a managing partner and one of three founders of Sowood Capital Management, a multi-strategy hedge fund seeded by Harvard Management Company in 2004.Prior to founding Sowood, Kelleher spent eight years at Harvard Management.

Wirehouses and regionals nab financial advisors and veteran executives.

Matt McGinness has a reputation for producing heavy hitting research in practice management.

Can Angelina Jolie explain credit default swaps and securitization to America?

Standard & Poor’s and Financial Research Corp. announced a content-licensing and distribution agreement Thursday whereby FRC data will be available on S&P’s MarketScope Advisor platform for financial advisers. Terms of the agreement, including financial considerations, were not disclosed. An S&P spokesman denied the deal is a precursor to an acquisition of FRC from its parent, private equity firm Mercatus Partners LLC.

A focus on research at First Allied, Citi expands its private bank in New York, Dallas and Washington, and the Insured Retirement Institute adds five seats to its board.

Registered investment advisor firms need more capacity to handle client demand for professional financial planning advice. That aligns with the recent trend of wirehouse brokers getting fed up with that channel and considering doing business in the independent channel instead.