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Washington Wealth Management is continuing its rapid growth -- albeit at a slighter slower pace than its own CEO had forecast.

UBS AG, the Swiss lender that’s shrinking its investment banking business to focus on wealth management, said it has a business relationship with as many as eight out of 10 billionaires in Asia.

Global Expansion Keeps CFOs Optimistic Participants in the 2013 Bank of America Merrill Lynch CFO Outlook Mid-Year Update gave the U.S. economy an average score of 58 out of 100. This figure was up from 49 in the last survey conducted late last year. The global economy received a score of 51, up from 45.

Legg Mason announced that it has appointed Dennis M. Kass, an industry veteran, as non-executive Chairman of the Board.

Highland Capital Management had a rough ride after the 2008 crisis, logging four years of outflows from its funds. In June 2012, ING and Ivy funds alum, Brad Ross, wasbrought onboard as president.

A replacement for Federal Reserve Chairman Ben Bernanke will not be named by President Obama until this fall according to a senior White House official.

George Crosby, the former head of HSBC’s Brazil team, will oversee all activities covering the Latin American markets in the U.S.

A 33-year financial services industry veteran from Southern California has been elected to serve as 2014 Chair-elect of the CFP Board of Standards’ Board of Directors.

Janney has hired two advisors from Morgan Stanley and Raymond James with $91.6 million AUM.

The Nashville community bank has expanded into new territory with the addition of three advisors who will focus on the medical industry and physicians’ practices.

Ameriprise Financial has hired three financial advisors from UBS, Raymond James Morgan Keegan, and HSBC.

Earlier this month, Nuveen Asset Management revealed that its Chief Equity Strategist and Senior Portfolio Manager Bob Doll will be taking on a new slate of equity funds including traditional, specialty and alternative funds.

Broadridge Finalizes Bonaire Deal Broadridge Financial Solutions last week closed its acquisition of Bonaire Software Solutions, a provider of fee calculation, billing and revenue and expense management solutions for institutional asset managers, wealth managers, mutual funds, bank trusts and hedge funds.

INTECH Investment Management, an independently managed subsidiary of Janus Capital Group, has hired Phillip Leonardi to head of the firm's consultant relations team.

Two of the five new hires joined the Boston office. The others joined offices in Princeton, N.J., Melville, N.Y., and Walnut Creek, Calif.

Highland Capital Management has hired six regional sales directors in the Pacific Northwest, Florida, North Texas, Long Island, the Midwest and Southeast, and expanded its sales team at its home office in Dallas.

Eaton Vance has hired Vincent Leon as director of offshore sales, reporting to John Moninger, managing director, retail sales. Leon hails from 3D Asset Management where he served as national sales manager.

Alternative mutual fund shop Collins Capital has appointed Casey Wamsley as a director, focusing on both the mutual fund and limited partnership businesses of Collins Capital.

BMO Global Asset Management is expanding its institutional sales and trust and custody units with the addition of Sean Curry as a relationship manager, consultant relations, and Kimberly Palleon as manager for trust and custody services.

Russell Investments has appointed Mark Schlafly as managing director of client solutions for the firm’s U.S. advisor-sold business.