Industry

Teucrium Trading, the issuer of six single-commodity exchange-traded products, has received an investment from private equity and venture capital firm Sun Mountain Capital.

RidgeWorth Investments has added two additional sales executives to the six it recently hired for its newly created retail channel sales team led by Bob Kuberski, with Michael Reynolds and Mitchell Izumi joining the firm.

Bank of America’s Andrew Sieg, currently head of retirement services, will now also lead the firm’s global investment solutions unit as Kunal Kamlani steps down.

Patricia McDermott will serve as managing director and head of Citi Private Bank in Connecticut and Westchester.

PNC Financial Services Group Inc. on Monday said it struck a deal to buy Royal Bank of Canada's U.S. retail banking operations for $3.45 billion.

RidgeWorth Investments has added two additional sales executives to the six it recently hired for its newly created retail channel sales team led by Bob Kuberski, with Michael Reynolds and Mitchell Izumi joining the firm.

Jim Lyday has joined Lincoln Financial Distributors as head of institutional retirement solutions distribution, reporting to President and Chief Executive Officer Will Fuller. In this role, Lyday is responsible for distribution of Lincoln's defined contribution business among mid-to-large employers.

Financial advisors Charles C. Stoner and Eileen Stoner are among the new team members joining UBS in Charlotte, N.C.

Christopher Adams returns to Citi in a new position as managing director of investment finance in the firm’s New York office.

The new hires come as Morgan Stanley Smith Barney continues to trim low-producing financial advisors from its force.