Industry

The TCW Group has added Joseph Carieri as head of U.S. institutional distribution and marketing, responsible for all marketing activities and initiatives related to the institutional investor community.

The movement to integrate previously disconnected applications used on the advisor desktop grabs the “low hanging fruit” opportunity for efficiency – eliminating repeated manual entry of data, but Neal Ringquist says advisors are barely scratching the surface of opportunity.

A new Portland, Ore.-based investment shop has bagged its first sub-advisory mandate courtesy of its affiliate.

Delaware Investments has added Steven Landis as an emerging markets debt portfolio manager to the firm’s total return fixed income group. Landis comes to Delaware Investments from FH International Asset Management, where he was a PM for emerging markets debt strategies.

Franklin Resources yesterday announced that Charles Johnson will retire as chairman of the board and director, effective June 13. In his stead, the firm's board of directors approved the appointment of his son, Gregory Johnson, as chairman and he will continue in his roles as president and chief executive officer.

Eight former directors overseeing mutual funds for Morgan Keegan & Co. settled, without paying any penalties, U.S. regulatory claims that they allowed assets backed by subprime mortgages to be overvalued as the housing market collapsed in 2007.

Following lunch with a prospect, Dave Grant turns to an abundance of tech tools to turn the referral into a client.

BNY Mellon Investment Management has hired Andrew Provencher as Head of U.S. Retail Sales, a newly created role in which he will be responsible for leading all sales and relationship management through the Dreyfus platform focusing on national wirehouse firms, Registered Investment Advisors, independent broker-dealers and private banks.

Christian Widen has left his position as a director of Pershing Advisor Solutions to return to the rapidly growing firm where he began his career, Boston-based U.S. Wealth Management.

John David “J.D.” Joyce and his team moved to Wells Fargo Advisors Financial Network in Houston on May 23.