Art Tambaro, president and CEO of Royal Alliance Associates, one of four independent broker-dealers owned by AIG’s Advisor Group, will retire at the end of the year. He will be replaced by Dmitry Goldin, a member of Royal’s senior leadership team for the last decade.

“Royal has recruited some of the industry’s finest financial advisors,” Tambaro, 72, a 22-year veteran of Royal, said in a statement, “and I am confident that under Dmitry’s leadership, the future at Royal Alliance is bright and full of incredible opportunities for today’s independent advisors.” Neither Tambaro nor Goldin, 43, were available for comment. The two plan to work closely together for the rest of this year to ensure a smooth transition, according to the statement.

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