BlackRock Inc. has hired Craig Phillips to head its financial markets advisory group, a unit of BlackRock Solutions.
Brinker Capital Inc. has surpassed the $10 billion mark in assets under management.
Apollo Management LP is launching a commodities business to be headed by former Morgan Stanley executive Neal Shear.
Proposals voted on at Citigroup, JPMorgan and Morgan Stanley that allow investors to weigh in on pay were not well received.
The portfolio manager of Citigroup Inc.’s struggling Falcon Strategies and ASTA/MAT hedge funds, Reaz Islam, is leaving after 18 years at the company.
A Wells notice was sent to Maurice Greenberg, former chief executive of AIG, last Friday, The Wall Street Journal reported.
The firm will refinance the auction rate preferred securities issued by its municipal closed-end funds.
Concentrating on its existing 11,100 advisers is LPL's first priority, said executive William Dwyer III.
The Boston-based money manager posted net income of $53.2 million, or 43 cents per share.
The Securities and Exchange Commission is investigating Franklin Bank after an internal probe revealed accounting errors tied to residential real estate loans.
