Industry

Kathleen Gaffney, a member of Loomis, Sayles & Company’s multisector “full discretion” fixed income portfolio management team, has left the firm to join Eaton Vance as co-director of Investment Grade Fixed Income.

Goldman Sachs Group Inc. changed how it calculated year-end bonuses in 2005, corrupting a culture of teamwork that existed previously, according to a book published today by former employee Greg Smith.

Bank of America Corp., the lender that got a $5 billion boost from Warren Buffett last year, now has the “top capital” among peers and is capable of paying a bigger dividend, said Chief Executive Officer Brian T. Moynihan.

Socially responsible shop Calvert Investments has added Darryl Keeton as director of internal sales, responsible for internal-external sales team partnerships and developing the firm’s internal sales team.

The value of RIA mergers and acquisitions activity for 2012 looks set to top 2011 totals, according to a new report.

A half-dozen top Goldman Sachs Group Inc. officials, including Chief Executive Officer Lloyd C. Blankfein and President Gary D. Cohn, reaped $14.6 million by exercising 10-year-old stock options due to expire next month.

Merrill Lynch Wealth Management has snapped up a Morgan Stanley advisor team managing about $2.5 billion in client assets to its Private Banking and Investments Group.

With 30 years industry experience, Robert Bernardin joins Hilliard Lyons as a senior vice president in Indiana.

Want to avoid personal liability in, for instance, properly valuing the assets in funds you manage?

Janney Montgomery Scott recruited a 12-person team led by Kevin Roche and Jeff Miller to help expand its structured product offerings.