Industry

Brian Moynihan reassigned several Bank of America Corp. executives Tuesday, less than a month after being named the chief executive.

Two million-dollar plus teams from UBS have made the leap.

The hiring is an effort to build Ladenburg’s broker-dealer arm.

Janus Selects Weil as CEO

As a further sign that the mutual fund industry and broader asset management business and economy are gaining strength, the financial industry netted 4,000 new jobs in December. This was the first time since July 2007 that there has been job creation, according to the Bureau of Labor Statistics.

McGee, who also serves as chairman and chief executive officer of the insurer, steps into his additional role as the company comes out of of a tumultuous period.

New executive at Axa Equitable, more changes at BNY Mellon's newly-expanded wealth unit, and a new board for the IMCA.

Richard M. Weil will replace Gary Black, who resigned suddenly in July as the Denver investment manager continued to suffer heavy outflows.

This is the latest in a growing list of Roth IRA conversion education tools offered by financial services companies.

The new chief will build investment management relationships with corporate pensions, public pensions, family offices, endowments, and foundations.