Industry

A widespread expansion effort is underway at U.S Trust to boost its ultra high net worth business.

In the newly created position, Fay, previously head of value equities, will be responsible for overseeing the functions of the growth and value investment services teams.

Evercore Partners announced today that it has begun to roll out a new equities research group that will focus on telecommunications, media and technology and financial industries.

In a deal that will combine a base of more than 9,000 financial institutions and 2,500 corporate users of messaging technology, SWIFT plans to acquire Ambit Messaging Hub Assets from SunGard.

U.S Trust hired nine senior wealth management experts to their California, Arizona and Washington operations as part of their wealth management expansion efforts.

Knight Capital Group said it agreed to acquire Astor Asset Management, LLC, a money management firm specializing in macro-economic strategy and construction of portfolios of exchange-traded funds. Knight said it would pay roughly $20 million in cash and stock, based on Astor’s assets under management at the close.

LIMRA, LOMA Retain Kerzner as Chief Executive

Nagengast replaces Steve McWhorter, who retired earlier this month.

Jersey-City based Knight will pay approximately $20 million in cash and stock for Astor when the acquisition is completed in the fourth quarter.

PIMCO has hired seven-year Goldman Sachs Asset Management (GSAM) veteran Maria (Masha) Gordon to help lead its emerging markets strategy team in its London location.