Industry

Allianz Global Investors Taps Nancy Morris as VP

After spending the past 10 months as acting chief, Securities and Exchange Commission Chairman Christopher Cox finally decided to name Rosalind Tyson the official director of the commission’s Los Angeles office – a region that covers Southern California, Nevada, Arizona, and Hawaii.

The Senate Banking Committee will consider three nominations to the Securities and Exchange Commission this coming Tuesday, June 3.

Despite strict guidelines and barriers within China, which tend to turn off global fund houses from conducting business, Fidelity International recently announced that it is ready and willing to pursue joint ventures there sometime in the near future.

ING Names Brown Retail Annuity President

Wachovia Corp. plans to phase out the 121-year-old A.G. Edwards name, sacrificing a strong brand for a stronger one.

AXA Names Pietrini-Smith As Chief Operating Officer

AXA Distributors, LLC has appointed Joanne Pietrini-Smith as chief operating officer of AXA Partners, its life insurance business.

U.S. Trust, Bank of America Private Wealth Management has announced four appointments in Boston, in the latest of nearly 20 additions to the New England area in the last nine months.

Including lift-outs and partial deals, investment firms have shelled out more than $50 billion so far this year to acquire mutual fund companies and other asset management firms, in a record 241 deals this year, according to Jefferies Putnam Lovell, a division of Jefferies.