Industry

The new hires are part of the wealth manager's campaign to increase its sales force by 50% and add private and mortgage bankers in key wealth markets by the end of 2014.

Citigroup Inc., the third-largest U.S. lender, said Deepak Sharma will retire as chairman of its private bank after 38 years with the firm.

Raymond James' Global Private Client Group CEO Chet Helck is retiring after a 25-year career with the firm.

FINRA alleges that the firms' advisors sold two types of highly risky ETFs that even they didn't understand.

The well-financed venture promised big hiring in 2013, but a November ADV form shows them well short of goal.

In this newly created role, Philip Poole will lead research activity across the firm’s investment platform globally.

An overwhelming majority of Hispanic and African-Americans say that financial services firms need to hire more diverse staffs, according to a survey conducted by Harris Interactive on behalf of Edward Jones.

As the stock market has soared, firms face new competition for both talent and clients.

As more community banks look at working with alternative lenders, they must be mindful of the regulatory and reputational risk that can occur if they make a bad referral.

Rene Jones was also named one of two vice chairmen of M&T Bank.