Industry

Drawn by the independent business model, Douglas King is leaving a 25-year career at Merrill Lynch in Minnesota to become the Los Angeles-based president of Financial Network Investment Corporation, a Cetera Financial Group company.

Matt Lynch, a principal at Tiburon Strategic Advisors, has joined the board of directors of client account aggregation firm ByAllAccounts.

Associated Bank has hired Douglas Lee as senior vice president and trust manager on its investment advisory team in Green Bay, Wis.

San Antonio, Texas-based USAA has hired Keith Sloane, as head of third-party distribution, responsible for expanding the firm’s strategic partnerships with third-party platforms and registered investment advisers.

The Advisor Solutions Group at Neuberger Berman LLC has added 11 senior regional directors in 10 new regions as it seeks to grow its mutual funds business among wirehouses and regional broker dealers.

There’s been a death in the Vanguard Family. Howard B. Schow, co-founder and chairman emeritus of PRIMECAP Management Company and longtime co-manager of several Vanguard funds, has passed away at 84 years old.

Charles Hart, who had been an independent advisor since 1982, has joined Ameriprise’s employee broker-dealer division. Hart, who managed $114 million in client assets, is now based Ameriprise's Plano, Texas, office.

It’s almost a done deal.

Asset manager and fund administrator North Trust Corp. announced a number of leadership changes, including the hiring of David Fox Jr. as head of Northern’s Corporate & Institutional Services (C&IS), for the Americas. Also, Northern Trust Vice Chairman and Management Group member Sherry Barrat will retire at the end of June.

Transamerica Retirement Services has promoted Chad Brown to division vice president for the company’s southern region.