Industry

Janney Montgomery Scott has added two advisor teams from Morgan Stanley Smith Barney, picking up $380 million of client assets in the process.

Fenimore Asset Management has promoted 20-year veteran Debra Perez to senior vice president, responsible for long-term strategic planning and growth of investment vehicles and services.

Putnam Investments has named Scott C. Sipple as head of investment product management and development, responsible for overseeing the firm's equity, fixed income and global asset allocation product management and development teams.

Henderson Global Investors today revealed that that, effective April 2, Iain Clark is stepping down from the daily management and operations of the International Opportunities Fund.

Nuveen Investments has promoted two portfolio managers, Emily Alejos and Andrew Thelen, to the position of co-chief investment officer of its Tradewinds Global Investors unit.

If an industry-wide fiduciary standard is adopted, what might the practicalities of meeting that standard be? Citi’s financial services unit has some possible technology-based answers to this question.

Chicago-based brokerage and investment advisory firm David A. Noyes has hired an executive away from Fifth Third Bank to join the ranks of its wealth advisors as a vice president.

Kenneth Burd has joined Delaware Investments as vice president, head of internal sales, responsible for managing the 15-member internal sales desk, which supports the firm's retail sales efforts. Burd started his position on March 5.

Investment manager Eaton Vance has named Laurie Hylton as chief financial officer and Daniel Cataldo as treasurer. They both replace Robert Whelan, who has left the company.

Great Bend, K.S.-based CPI Qualified Plan Consultants, a third-party admnistrator for retirement plans, has named 25-year veteran Jon Prescott as its president.