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American Century Investments has hired Peter Cieszko as senior vice president. In this newly created position, Cieszko will be responsible for all institutional and intermediary sales in North America, including wirehouses, regional and independent advisors, banks, insurance companies, corporate and public pension plans, endowments and foundations. Reporting to Michael Green, head of global client relationships, Cieszko will join the company later this summer.
June 6 - Money Management Executive
The financial crisis has, in fact, had a lasting impact on investors, a Prudential Financial survey of 1,274 Americans shows.
June 3 -
High gas prices, the federal deficit and high unemployment are depressing investor confidence, an investor survey conducted by Gallup for Wells Fargo shows.
June 3 -
The Department of Labor’s Employee Benefits Security Administration has extended the deadline for 401(k) plans to disclose fees and expenses to participants to 120 days after the Jan. 1, 2012 deadline. Originally, the deadline was 60 days after the effective date. As a result, plans now have until April 30, 2012 to provide the information.
June 3 -
The pause in the increase in gas prices and a sense that the job market is improving help lift the RBC Consumer Outlook Index 3.8 points to 46.7 in June, up from 42.9 in May. This is the highest level it has ever been at since the financial crisis struck in September 2008.
June 2 -
T. Rowe Price has launched the T. Rowe Price Emerging Markets Local Currency Bond Fund, in anticipation of those investors who would like to diversify away from the U.S. dollar.
June 2 -
Northern Trust has hired R. Peter Sanchez to serve as chief executive officer of Northern Trust Hedge Fund Services, upon the closing of Northern Trust’s acquisition of hedge fund administrator Omnium. Sanchez currently is global head of business development and client service at Omnium and has more than two decades of experience in capital markets.
June 2 -
J.P. Morgan Retirement Plan Services has launched a new social media forum for its plan sponsor clients called Voice of the Community.
June 2 -
Global X Funds has launched the Global X Farming ETF, an exchange-traded fund that focuses on companies involved in agricultural products, livestock operations and the manufacturing of farming equipment.
June 2 -
IndexIQ has launched the IQ Japan Mid Cap ETF, which it says is the first exchange-traded fund focused on Japanese mid-cap equities.
June 2