Industry

Minneapolis-based Whitebox Advisors has hired Mike Coffey as Head of Distribution for the firm’s mutual funds.

Martim de Arantes Oliveira will be responsible for driving the growth of Ascent’s new office, which will open this summer.

Genworth Financial Wealth Management will soon have new owners -- and a new name.

Bank of America’s wealth management division achieved record post-merger revenue, net income and AUM inflows.

Nationwide Financial is getting into the retirement market.

“The success of the wealth-management business is fundamental to where the stock goes over the next five years,” said Christopher Wheeler, a London-based analyst with Mediobanca SpA, who has a neutral recommendation on UBS shares. “It’s the core business, and a number of other businesses feed off it, not the least asset management.”

Janus Capital Group has appointed Michael Stern as regional sales director to spearhead the expansion of Janus’ intermediary distribution and sales in New York City.

“The smart money is coming in,” said industry consultant Tim Welsh, president of Larkspur, Calif.-based Nexus Strategy, “and now we’ll see how smart the smart money is. Can they wring efficiencies out of this model?”

Eaton Vance Corp has hired Bob Cunha as Managing Director of Marketing and Distribution Strategy, responsible for leading Eaton Vance's marketing efforts across all distribution channels, including the company's brand positioning and media relations efforts.

Aristotle Capital Management is adding to its client service and marketing team. Catalina Llinás joins the firm as a managing director on the team.