Industry

"We are not going to have a separate robo adviser that would disintermediate our existing advisers," says CEO Paul Reilly.

Man Group, the world's biggest publicly traded hedge fund manager, is looking blue after the departure of CEO Emmanuel "Manny" Roman to Pimco.

Headcount at the fast-growing firm was up 327 year-over-year.

Fees in 401(k) plan slammed as grossly excessive; investment options as imprudent.

The wirehouse has faced a difficult business environment so far this year, and additional headwinds may be coming during the second half of 2016, top executives say.

The recruit spent two years researching the move before deciding to leave the wirehouse.

Several of the largest moves this year show top talent is looking beyond traditional choices.

Several big banks are getting into the business, mostly by forming partnerships with fintech companies. Smaller banks are expected to soon follow suit.

In his new position, Roman will replace Douglas Hodge, who presided over a tumultuous time that included the departure of Bill Gross and a plunge in assets at the firm.

Kirstin Turner, RBC’s only female complex director, seeks to instill pride and comradery at the office, while volunteering in her community.