- Money Management Executive
AIG SunAmerica Asset Management has hired Vincent Marra as senior VP and COO, where he will be responsible for fund accounting and technology. In addition, he will become president of the service unit at AIG SunAmerica Fund Services.
February 24 - Money Management Executive
Prudential Financial has named David Odenath president of the new annuities group, formed as a result of the firm's recently announced plan to acquire American Skandia.
February 24 - Money Management Executive
PricewaterhouseCoopers has elected Martin Jennings as managing partner of the firm's investment management industry group. He will replace Philip Mannino, who will retire in June after 35 years with the firm.
February 24 - Money Management Executive
Sun Life Financial Services of Canada has appointed Robert Salipante president of Sun Life Financial U.S., to succeed James McNulty III, who will retire this summer. Most recently, Salipante was president and general manager of ING's US financial services. He entered the insurance industry at Reliastar Financial Corp.
February 24 - Money Management Executive
Charles Schwab said last Thursday it has launched four new funds as part of its new investment program, Schwab Retirement Solutions, a plan implemented to address the diverse needs of retirement plan participants.
February 24 - Money Management Executive
The National Association of Securities Dealers has formed a 22-member joint mutual fund and brokerage industry task force on fund breakpoints.
February 24 - Money Management Executive
American Century Investments, a longtime seller of no-load funds, has transformed 10 portfolios into load funds in a bid to attract more diversified distribution through banks and other financial intermediaries. The funds are: International Growth, New Opportunities II, Select, Large Company Value, Value, California High-Yield Municipal, High-Yield Municipal, High-Yield, Diversified Bond, and Prime Money Market.
February 24 - Money Management Executive
Businesses continue to report that controlling the health care benefit costs is the most important benefit priority, but most employees cite retirement security as their top benefit concern. The disconnect is revealed in a survey of more than 400 benefit specialists by the International Society of Certified Employee Benefit Specialists (ISCEBS) and Deloitte & Touche.
February 24 -
By John C. Wilcox, Vice Chairman, Georgeson Shareholder Communications Inc.
February 24 - Money Management Executive
* Find the rollovers: First, target specific clusters of workers, such as employees at a particular company or members of an organization.
February 24