Industry

Investcorp's U.S.-based Hedge Fund business announced that Elena Ranguelova has come on board as Head of Credit and Equity Strategies.

Raymond James picked up a $500 Million team from Morgan Stanley and a Jefferies advisor with $100 million in assets.

Alex Kramer joined the Private Client Reserve to lead a team of 10 advisors as managing director.

The firm promoted two executives to newly created regional posts based in Naples and Miami.

Amid growing industry debate over compensation disclosure, the FPA has changed the compensation disclosure options on its website.

Bank of America’s Merrill Lynch has capped off the summer with a round of hires from Morgan Stanley and Wells Fargo.

BNY Mellon Wealth Management has rehired a former BNY Mellon veteran to oversee the business strategy for the wealth management business and spearhead the expansion of the sales force, the firm announced Tuesday.

Now that profits are at record highs, financial advisors' next priority should be better people management, according to the 2013 FA Insight Study of Advisory Firms: People and Pay. Cost control, solid productivity and soaring client profitability helped the typical advisory firm reach a profit margin in excess of 20% in 2012, the highest margin in the survey's five-year history.

Don Quattrucci rejoined BNY Mellon from U.S. Trust, where he most recently served as managing director and market investment director for two years.

Oppenheimer & Co., a unit of Oppenheimer Holdings announced the appointment of Doron Barness to Head of New York Institutional Equity Sales Trading, working out of the firm's New York headquarters.