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NEW YORK - Wachovia CEO Ken Thompson says the bank plans to cut one third of its fixed-income staff and make a 10% reduction in corporate and investment bank support staff.

Securities and Exchange Commissioner Paul Atkins has announced he will leave the agency when his term expires in June to return to the private sector.

Hancock Names Carlin Independent Chairman

The harder the hedge fund managers’ fall - the more money they lose, the bigger the fat cats - the easier it is for them to raise additional seed capital for another hedge fund idea. So reports The Wall Street Journal this morning in “Rebounds by Hedge-Fund Stars Prove ‘It’s a Mulligan Industry.’”

Securities and Exchange Commissioner Paul Atkins has announced he will leave the agency when his term expires in June to return to the private sector.

BoA's U.S. Trust Appoints Private Wealth Strategists

John Hancock Funds has elected interim board chairman James Carlin as independent Chairman of the Board of Trustees. Carlin has been a trustee since 1992.

Rick Lazio, head of government relations at JPMorgan Chase since 2004 and one-time candidate for New York Senator, is taking on a new role. He is now a managing director in the company’s asset management operations.

BoA Hires Former Fido Marketing EVP Huang

Randy Takian, head of strategy and development for Morgan Stanley’s hedge fund and alternative investment products, will head its investment management unit’s retail and intermediary business, according to Dow Jones.

U.S. Trust, Bank of America Private Wealth Management has announced the appointment of 12 client-facing professionals for the New York City area.

Fines Continue to be Levied on Fund Companies for Market Timing & Late Trading, With a Renewed Focus on U.K. Orders

‘Bond Broadside’ Includes Two Worst-Performers, Down -73% & -70%

Envestnet Snags Ibbotson's Henkel for Retirement Group

Bank of America has named Claire Huang as head of marketing for its Global Wealth & Investment Management division.

AIG Investments is expanding its Global Business Development team in the U.S. and Europe with the addition of three executive positions.

Citigroup has hired Thomas Flexner as global head of real estate. Flexner comes to Citi from Bear Stearns, where he recently served as vice chairman overseeing commercial real estate and the financial buyers group.

Odyssey Investment Partners LLC has announced several promotions within its investment team.

Mike Henkel, the former president of Ibbotson Associates, has joined Envestnet as managing director of the firm’s new retirement services group.

Former Fed Vice Chair Joins TIAA-CREF