Industry

He will improve critical communications between the firm and its advisor clients, according to observers.

Citi Names Sawhney Global Head of Funds

The changes mark the latest move by Robert McCann, the head of UBS Wealth Management Americas.

Jeffrey M. Bagley, the newly appointed vice president of portfolio management and a senior research analyst at Haverford, takes a generalist approach that will serve him well in his new post.

According to a survey, a majority of advisors say clients want financial planning advice.

The Securities and Exchange Commission is expanding its New York office staff of 360 people by 33, or nearly 9%, in an effort to better regulate hedge funds and brokerages. The SEC will hire 18 additional people in enforcement and 15 in examinations.

As the race to rake in breakaway brokers continues to heat up, it seems that independent broker-dealers, are failing to spend on the areas of technology that matter most to independent advisors: customer relationship management and integration.

Merrill Lynch veteran Tom Isaacs is still waiting to see if Merrill will enforce a 60-day leave clause.

Citigroup has hired Sanjiv Sawhney as global head of fund services, a new position. He was previously head of fund services operations at JP Morgan and is returning to Citi, where he began his career and served for 15 years.

Financial advisors are looking forward to 2010. In fact, 68% of advisers recently surveyed define their 2010 business mindset as one of acceleration and growth.