Industry

Los Angeles Lakers forward Lamar Odom has filed suit against the Internal Revenue Service because it would not allow him to deduct $12,000 in fines and $127,000 for fitness training.

As the U.S. economy makes progress in a slow recovery, the Mercer consulting and benefits outsourcing firm is trying to position itself to serve clients in an increasingly complex financial marketplace.

Joe Moglia, was introduced Wednesday as the president and head coach of the expansion Virginia Destroyers of the United Football League.

Morningstar has named Peng Chen, president of its Ibbotson Associates unit, president of its global investment management division. In this role, Chen will be responsible for the company’s investment consulting, retirement advice and investment management operations in North America, Europe, Asia and Australia, including Morningstar Associates, Ibbotson Associates, Morningstar Investment Services, Old Broad Street Research and Seeds Finance.

Chen, who was president of Morningstar’s Ibbotson Associates unit, will oversee the company’s investment consulting, retirement advice, and investment management operations in North America, Europe, Asia, and Australia, including Morningstar Associates, Ibbotson Associates, Morningstar Investment Services, Old Broad Street Research, and Seeds Finance.

Winkler joined UBS in 2003 from Credit Suisse First Boston where he specialized in TMT M&A for five years. He began his career in July 1997 at Deutsche Morgan Grenfell as a member of the M&A team.

UBS Wealth Management Americas hired three advisors from Morgan Stanley Smith Barney in its Los Angeles operation.

PineBridge Investments has hired George Hornig, the former managing director and co-global chief operating officer at Credit Suisse Asset Management, to serve in a similar capacity at the New York-based institutional and individual investment management firm.

At its national conference in Denver, the Financial Planning Association spent a lot of time discussing education and regulation. It is fitting, then, that its president-elect also has financial literacy leadership under his belt.

Oppenheimer has hired two executives in its fixed income division-Mark Anderson as managing director, institutional fixed income sales and trading, and Neil Snoep as director, bank strategist. Both report to Robert s. Lowenthal, senior managing director of the taxable fixed income group.