Industry

The company announced it hired Eli M. Salzman to expand its institutional capabilities in U.S. large-cap value

Chris Brewster joined the firm as non-producing manager of the Columbus, Ohio office, which has 10 financial advisors and 27 associates.

Just days after the Securities and Exchange Commission issued a recommendation that all financial advisors practice within the fiduciary standard of care, BlackRock announced it has hired an executive for that role in the company.

Dynasty Financial Advisors announced that Bank of America had agreed to settle its suit brought after Merrill Lynch’s Michael Brown brought his team to Dynasty in December.

The Bank Insurance and Securities Association named James McNeil, formerly executive vice president and chief operating officer of BAI, a consultant in Chicago, as its new executive director.

BlackRock has hired Nancy Everett as managing director, head of U.S. fiduciary management solutions, a new position. She was previously chief executive officer of Promark Global Advisors, previously known as General Motors Asset Management.

The Securities and Exchange Commission has selected Eileen Rominger as director of the division of investment management.

Bank of America Merrill Lynch has reorganized its personal retirement solutions business.

According to an internal memo released late Thursday, the company is restructuring the unit into five areas.

The third largest broker-dealer by headcount and the fifth largest by revenue has grown into a powerhouse of a financial services company over the past decade. Its top executive said in an interview Thursday it plans to add at least 400 more this year.