Industry

HighTower looks for growth, changes at BNY Mellon's wealth unit, and more people on the move this week.

Lasser comes aboard from Standard Chartered, where she headed illiquid and private placements

Putnam President and CEO Robert L. Reynolds has replaced the managers of three funds to further bolster investment performance.

The country's two largest custody banks said they will keep looking for acquisitions, of whatever size, as they wait for higher interest rates to spur organic growth.

Meissner joins from Nomura, which named new CEO for EMEA and co-heads of global investment banking

Evercore Partners said Monday that Alejandro Reynoso del Valle will join its investment management unit in Mexico City.

Manning to Replace Pozen As Chairman of MFS

As sentiment among wealth managers shifts, more capital has become available and companies right-size, banks, trust companies, wealth managers, and bank brokerages that are in a strong position to expand into a new market and acquire new units, will do so. But it is also the moment when companies without the capital-and stability-will get left behind.

The fund giant may replace the former president with two executives.

The Securities and Exchange Commission task force on hedge funds, buyout funds and mutual funds is looking to hire five fund managers, chief operating officers or executives with “direct exposure to trading and operations,” according to a help-wanted ad it placed last month. The SEC has also retained executive search firm Korn/Ferry International.