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Fidelity Investments has hired Christopher Sullivan to serve as head of its bond group, in charge of $170 billion of assets under management.
March 23 -
Even as it continues to lay off 3,000, Fidelity Investments is looking for talented analysts and investment professionals as it seeks to restructure and strengthen its capabilities in the midst of the economic downturn, The Boston Globe reports.
March 23 -
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American Funds will lay off an additional 500 people this year, on top of the 500 who lost their jobs in January. That will leave the 80-year-old firm with a workforce of about 8,500.
March 18 -
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The Investment Company Institute has named Dean R. Sackett III and Donald C. Auerbach as leaders of its government affairs staff.
March 16 -
The Investment Company Institute has named Dean R. Sackett III and Donald C. Auerbach as leaders of its government affairs staff.
March 12 -
McCullough to Retire From DST as COO, With Hooley Replacing Him
March 9 -
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Since the onset of the credit crisis in August 2007, the financial services industry has lost 325,000 jobs around the world, according to the International Labor Organization.
February 24 -
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Putnam Investments has hired David Glancy as managing director and portfolio manager. A leading fund manager in both equity and high-yield debt, Glancy has been asked to also cover bank debt and undervalued and leveraged companies.
February 19 -
Kimberly Mustin has joined Legg Mason as managing director and head of institutional business, Americas.
February 18 -
Anthony Ryan, Under Secretary of Domestic Finance with the Treasury Department until just last month, will be joining Fidelity Investments to develop new products and strategies.
February 17 -
ProFunds Group has hired Joanne M. Hill as head of investment strategy. In this new role at the exchange-traded fund shop, Hill is responsible for research, development and execution of investment strategies.
February 12 -
Putnam Investments announced Wednesday it will lay off 260 people, or about 10% of its staff, on Thursday, Dow Jones reports. Most of the people being let go work in distribution or operations, but a few are in sales.
February 11 -
Van Kampen has hired Elizabeth Hughes Eginton as managing director, head of product and marketing. In this new position at the firm, Eginton will report to President and CEO Jerry Miller.
February 11 -
Fidelity Investments is shaking up its stable of portfolio managers who delivered disappointing returns in 2008, The Wall Street Journal reports. In recent weeks, one manager has left the company, two were demoted to analyst and Fidelity is currently trying to reassign two others.
February 9 -
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John Hancock Retirement Plan Services has expanded its sales team by 18, hiring eight regional vice presidents and 10 professionals to man its new internal sales desk. This is a 15% increase in John Hancocks team supporting advisers selling 401(k)s.
February 9