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Atlantic Fund Services has hired Marianne K. Smythe, former director of the division of investment management at the Securities and Exchange Commission, as an analyst of mutual fund products and other pooled investments. Smythe also worked at the SEC's division of market regulation, was deputy director of the Commodity Futures Trading Commission, taught law and was assistant provost at the University of North Carolina at Chapel Hill and was a partner and head of the investment management practice group at Wilmer Cutler Pickering Hale and Dorr. Smythe will continue as an independent trustee for The Rohatyn Group of Funds.

NEW YORK-"We are not in a death spiral, like we were in 2008 with Lehman Brothers," maintained Scott Migliori, U.S. chief investment officer of RCM, an asset management firm that is a member of Allianz Global Investors.

Managers of U.S mutual funds, separately managed accounts and other asset pools are pretty concerned about whether they calculate their risk exposure and performance results correctly and report correctly to regulators and clients.

Many reports indicating that Americans know they don’t have sufficient life insurance have surfaced over the past few months. So, what’s the solution? According to the 2011 Genworth LifeJacket Study, “7 Key Insights to Help Close the Coverage Gap,” Americans have a desire to work with an agent or advisor to understand the role of life insurance in securing their families’ futures.

Muni investors have herded into short-term debt the last few months thinking that if rates rise, longer-term bonds will plummet in value and it will be good to have cash on hand to reinvest at higher rates. But are short-term bonds really such a safe haven?

The Carlyle Group has acquired ITRS Group, a supplier of real-time systems for monitoring financial communications infrastructure.

Banks are starting to notice that their online banking and mobile sites are not as good as customers expect.

UBS AG announced that CEO Oswald Gruebel has resigned and that Sergio Ermotti will assume the top spot at the Swiss bank on an interim basis.

Advisors may want to take steps now to protect their clients’ portfolio’s from a "contagion" should the Greek government default, because, as Ken Volpert, head of Vanguard's Taxable bond Group sees it, default by Greece is a development that appears to be more and more likely by the day.

Within a day of each other, two companies -- Guggenheim Investments and Invesco -- launched new exchange traded funds for Chinese yuan-denominated bonds on the New York Stock Exchange.