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Russell Investments has appointed Andrew Scherer as director of defined contribution, intermediary distribution for the firm’s U.S. advisor-sold business, which sells mutual funds and other multi-asset products to DC recordkeeping platforms, retirement plan sponsors and retirement plan advisors.

Jonathan Gabriel, the former COO of MDS Bankmart, once the largest third-party marketing firm for banks, has joined Kehrer Saltzman & Associates as a senior associate.

OppenheimerFunds has named Mark Hamilton chief investment officer, Asset Allocation, effective April 8.

Janus Capital Group has appointed Enrique Chang chief investment officer of equities and asset allocation.

It’s official: The Senate on Monday confirmed former federal prosecutor Mary Jo White as the new head of the Securities and Exchange Commission, Reuter reports.

Mirae Asset Global Investments (USA) has added three hires to its sales and distribution team.

Ultimus Fund Solutions has added David Carson to its senior management team as Director of Client Strategies to manage the series trust product line

Rafferty Asset Management, advisor to Direxion Funds and Direxion Shares, has hired a chief operating officer and president.

Bill Gross' PIMCO Total Return Fund (PTTRX), the world's largest mutual fund, attracted $32 million in investor deposits in March, the lowest amount since December 2011.

UBS Financial Services has picked up three financial advisors from Morgan Stanley in Arizona and Indiana who managed $467 million in client assets.

Curian Capital has added Gabriel Burstein as head of the Investment Strategy group.

Los Angeles-based Causeway Capital Management has named Foster Corwith and Alessandro Valentini as portfolio managers. Corwith and Valentini will join Causeway's six current fundamental portfolio managers in managing client portfolios on a team basis.

Legg Mason has announced a series of executive appointments and departures following the hiring of Joseph Sullivan as its president and chief executive officer.

Asset managers have taken notice of the the proliferation of alternative mutual funds in the retail and institutional channels and have changed their game plan accordingly.

The bank hired a new wealth management advisor, trust officer and senior portfolio manager in the Minneapolis office of the Private Client Reserve.

Mary Schapiro, the former chairman of the U.S. Securities and Exchange Commission, has joined Promontory Financial Group as a managing director and chairman of its governance and markets practice.

Alternative mutual fund shop Simple Alternatives has added Clark Jones as a portfolio manager expanding the investment team managing the firms’ flagship S1 Fund (SONEX).

Logan Circle Partners, a subsidiary of Fortress Investment Goup, said Monday that it has hired a Goldman Sachs Asset Management (GSAM) lead investment officer to head a new growth equities team.

Pioneer Investments last month unveiled a new portfolio management team for Pioneer Emerging Markets Fund (PYEFX) and Pioneer Emerging Markets VCT Portfolio (VPIEM1V).

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