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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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Manulife Asset Management has expanded its equity investing capabilities.

Northern Lights Distributors has appointed Brian Nielsen as chief executive officer and Bill Wostoupal as president, effective immediately.

Brian T. Moynihan, who endured record losses and public thrashings while cleaning up Bank of America Corp.’s mortgage mess, said he wouldn’t mind being chief executive officer of the lender forever.

American Century Investments has named Joseph Schultz as Head of Intermediary Sales, responsible for the firm’s field and internal sales businesses, including wirehouses, regional and independent advisors, registered investment advisors, insurance company advisors and broker-dealer key account management.

Kasina has hired Mike Sullivan as its Vice President of Sales.

Franklin Templeton Investments has appointed Robert Richardson as senior vice president and North America spokesperson for the company's North America Advisory Services business, including the U.S. and Canada.

Manulife Asset Management has expanded its equity capabilities.

Salient Partners, a $17.4 billion asset management firm, has appointed Rusty Guinn and Todd Centurino, as Directors of Investments.

Michael Cabanas, a former managing director at Fiduciary Trust International, will be responsible for sales in the firm’s Southeast US region.

A team of former TCW Group equities analysts have joined DoubleLine Capital portfolio managers Husam Nazer and Brendt Stallings managing the DoubleLine Equity LP investment strategies.

Collaboration between the Division of Enforcement and the Office of Compliance Inspections and Examinations at the Securities and Exchange Commission "really is very seamless," according to OCIE director Carlo V. di Florio.

American Century Investments has added Radu Gabudean to the portfolio management team, responsible for the firm’s multiple asset allocation strategies.