Industry

Rampart Promotes Two to Managing Director

Luis A. Aguilar, a former partner at McKenna Long & Aldridge LLP in Atlanta, was sworn in as a member of the Securities and Exchange Commission on July 31.

Richard Jenrette Joins Blackstone Board

GAMCO Investors announced today its appointment of Jeffrey M. Farber as executive vice president of finance/corporate development and chief financial officer.

Several struggling banks desperate for capital are now considering selling their money-management units, according to The Wall Street Journal.

In his last public appearance as a member of the Securities and Exchange Commission, Commissioner Paul Atkins said that, with regards to shareholder rights, the agency “would be wise to continue to respect the principles of federalism and avoid the temptation to exceed the limitations on its authority delegated by the Congress.”

The Royal Bank of Canada (RBC) recently announced its acquisition of 10% interest in the O’Shaughnessy Asset Management (OSAM) firm.

Callan Joins Credit Suisse As Head of Hedge Funds

U.S. Bancorp has named William Benjamin as CEO of U.S. Bancorp Investments Inc. and U.S. Bancorp Insurance Services LLC.

The Philadelphia wealth management firm Janney Montgomery Scott LLC has hired Francis J. McAleer Jr. as director of wealth management sales and marketing in its wealth management department.