Industry

The Depository Trust & Clearing Corporation said it named former Citigroup operations and technology chief Robert Druskin chairman of its board. Donald F. Donahue remains chief executive officer.

The company has appointed a new complex director in Dayton, Ohio, and added four new financial advisors in Beverly Hills and San Francisco.

Hires Stuttard as the office’s first fixed income portfolio manager.

Curian Capital has hired Mike Petko as divisional vice president, in charge of distribution efforts in the Eastern region. In this position, he will oversee a team of Curian's regional business consultants.

Dan Rebmann joined UBS in March after serving for almost 13 years at Merrill Lynch.

On a nationwide basis, unemployment and jobless-claims data have slowly improved. But the metrics vary widely from market to market and, complicating matters, many bank operations, even those of regionals, straddle strong and weak markets.

It is imperative to understand what women want, which can be summed up in one word: relationship. Studies show that intrapersonal, relationship-driven factors are key to overall satisfaction.

Morgan Stanley Smith Barney recruited the following advisors from Merrill Lynch. Joseph Viviani and Robert DiGregorio joined in Melville, N.Y. They managed assets of $398 million and generated $2.1 million in production. Rosalie Schlaen and Izhar Shefer joined in Aventura, Fla. They oversaw $177 million in assets and generated $1.3 million in production. David Cohen joined in Melbourne, Fla. He had assets of $150 million and production of $1.6 million. Sam Pyle and Shauywn Smith joined in Woodland, Texas. They oversaw $111 million in generated $2.9 million in production. MSSB also hired Keith Kline from Raymond James in Fort Myers, Fla. He had $73 million in assets and $1.1 million in production.

The investment professionals will work from Citi’s Philadelphia office, focusing on ultra high net worth individuals, foundations, endowments and private business owners.

FSC credited Schafly with stabilizing and accelerating advisor retention.