Industry

New leadership at the FPA, executive changes at U.S. Trust, plus more moves for the week.

The brokerage company recruited Laurence Braunstein who will serve as a financial advisor and senior vice president in New York.

Custodians are in a horserace to provide services to breakaways.

RBC Wealth Management recruited Kevin Williams to serve as a senior vice president and branch director of its Richmond office.

Advisors pass through London monthly, so expansion opportunities are vast.

George Friedlander has rejoined Citigroup as head of municipal strategy.

As it continues to recover from TARP-related charges and securities losses, Bank of New York Mellon Corp. reported Tuesday that its quarterly results nearly quadrupled from a year earlier.

The board of directors of LL Global, the parent of trade groups LIMRA and LOMA, announced that President and CEO Robert Kerzner would retain that position for another five years.

Both will report to Andy Saperstein, MSSB's head of wealth management in the United States.

Comerica Bank has asked Dennis Johnson, a 30-year industry veteran, to assist in developing investment strategies for its asset management division.