Industry

ICI has also promoted Gunas to government affairs officer.

The Investment Company Institute announced Thursday that it has hired two executives on its government affairs team and promoted another person in the group.

The new appointments bring the company's total new advisor hires for 2010 to 50.

J.P. Morgan Asset Management has hired Michael Falcon as a managing director and head of retirement in the United States and Canada.

As part of an initiative to expand, the New York-based wealth manager hired Michael C. Brown as a partner and director of wealth management.

Tom Naratil, promoted internally, to replace him, while Sergio Ermotti will join from UniCredit and run Europe.

Salient Partners LP, a $16 billion Houston-based wealth manager, has agreed to buy RDG Capital LLC, a Houston boutique wealth advisory firm.

UBS announced Thursday it hired Dave Schrohe as chief operating officer of its wealth management solutions management team.

Cypress Trust Co., based in Palm Beach, Fla., cherishes its status as an independent trust company, and is counting on its newly appointed president and chief executive officer, to preserve that.

Broadridge has acquired financial services client communications firm Forefield for $19.5 million.