Industry

Broadmark Lands Cortez As Distribution President

The Securities and Exchange Commission has hired Norm Champ, general counsel to hedge fund Chilton Investment Co., to head up its New York examinations group.

McCann Takes Over as Chief of UBS Wealth

SEC Names Storch New Enforcement Executive

Noting the urgency and immensity of their task, global financial leaders are frantically making small and large changes to U.S. Generally Accepted Accounting Principles (GAAP) and international financial accounting standards (IFRS) to make them more similar, and the Securities and Exchange Commission has recently made a single set of standards a high priority.

Following up on President Obama's mandate for change, regulators at the Securities and Exchange Commission and the Commodity Futures Trading Commission recently crafted a report that details their plans to harmonize the regulation of futures and securities.

Brockgreiten in Key Client Role at Access Data Corp.

Though Bank of New York Mellon Corp.'s wealth management revenue has slumped, the unit's head is touting its resilience and plotting an aggressive strategy through mergers and acquisitions.

Edward Bernard to Chair ICI's Board of Governors

Bank of America plans to sell its long-term asset management business, Columbia Management, to Ameriprise Financial for as much as $1.2 billion in an all-cash deal.