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First Republic Bank has hired Matt Krusko as a managing director and wealth advisor for its investment management, trust and brokerage unit in New York.

Neuberger Berman has introduced the Neuberger Berman Global Equity Fund and the Neuberger Berman Global Thematic Opportunities Fund, complements, the firm says, to the Neuberger Berman Global Allocation Fund introduced in June.

Genworth Financial Wealth Management appointed former Citibank and Charles Schwab executive Myra Rothfeld as its chief marketing officer.

Recent market calamities will continue to put a damper on asset growth and margins, as investors are likely to continue to embrace more conservative, lower-fee investment choices, Kasina predicts.

At a time when jobs are hard to find and raises are paltry, employers are looking to their 401(k) plans to better serve their workers.

Broadridge has acquired Paladyne Systems, a provider of front-, middle- and back-office trading platforms for multiple asset classes, for $76.5 million. Paladyne also provides portfolio management tools, pricing and valuation applications, data warehousing and data aggregation and reporting.

State Street Corp. has launched a derivatives clearing service, complete with a swaps clearing platform. With this launch, State Street now offers a complete, end-to-end derivatives solution, complete with servicing, custody, accounting, collateral management, valuation, risk controls and analytics.

Citi this week said that hedge fund Sandalwood Securities has selected it for a full suite of hedge fund-of-funds administration and custody services.

As registered investment advisors and fee-based advisers are challenged by increasing market volatility and declines, they are turning to alternative investment classes and tactical allocation to protect their clients’ portfolios. This was the major finding of a survey of 500 professionals by Jefferson National.

While financial services issues are no longer on the front burner on Capitol Hill, several high profile topics this fall are likely to impact banks, especially any efforts to revitalize the housing market.