Industry

Former New York Banking Superintendent Richard Neiman has joined PricewaterhouseCoopers as vice chairman of the firm's global financial services regulatory practice. Neiman was also a member of the Congressional panel overseeing the implementation of the Troubled Asset Relief Program (TARP).

The New England Patriots winning three Super Bowl trophies is not all about luck and talent. If businesses apply the same team principles, they too can have their share of winning seasons.

Chris Paulitz, who spent more than a decade working as a spokesman and strategic advisor for both House and Senate leadership offices, hired as organization's director of communications and media relations.

AXA Private Equity has signed an agreement to purchase a $1.7 billion portfolio of limited partnership interests in private equity buyout funds and direct stakes in companies from Citigroup.

State Street Global Advisors this week announced a pair of executive moves, naming Bill Street as its news global head of fixed income alpha strategies and Brian Kinney as its new global head of fixed income beta strategies.

Robert W. Baird & Co. has continued its San Francisco expansion by hiring financial advisors Jonathan Fitzgibbons and Joyce Linker from ThinkEquity LLC.

Bank of America Merrill Lynch has hired UBS financial Advisor Christopher Bollenbach to its Century City, Calif. office.

UBS Wealth Management Americas has hired financial advisor David Mattia from Convergent Wealth Advisors to serve in its Rochester, N.Y. office.

Giant financial institutions and wirehouses that spent fortunes attracting and retaining top-producing brokers and wealth managers over the past few years may be about to get socked with a big wave of departures this year and, especially, in 2012.

Morgan Stanley Smith Barney plans to continue to trim underperformers from its financial advisor force in addition to the 300 positions that it severed in the first quarter, a spokesperson for the firm confirmed on Tuesday.