William J. Stromberg to become CEO Jan. 1; Kennedy to retire at annual meeting in April 2016.
Two exchange-traded funds help firm exceed $50 billion in assets.
Net inflows for the first quarter were $1.9 billion, compared with net outflows of $5.1 billion in the previous quarter.
Regulator alleges former portfolio manager put client money in a BlackRock fund that invested in a company he founded.
The newly combined advisory and insurance company will be named Willis Towers Watson and have revenue of approximately $8.2 billion.
Scott Powers, outgoing SSgA chief, plans to retire later this year.
Active vs. passive question lingers but long time money management exec sees opportunities for both approaches.
Vanguard Group surpassed State Street Global Advisors as the second-largest ETF provider, a new milestone following a year that was filled with them.
Mutual fund assets reach $477.6 billion as of Dec. 31, up 2.4% from Sept. 30.
Company vet wants to invest in growth but doesn't see a big departure from predecessor Blanding.
