Deals and People

Schroders selects fixed income head and CalPERS names private equity investment director.

The Wagner Law Group promotes ERISA attorneys; Millennium Trust adds retirement services head; SageView hires retirement plan consultant for Northern California; and more. 

Unified Trust joins EdgeCo; Putnam Investments CIO announces plans to retire in 2021; Marathon Asset Management hires senior high-yield portfolio manager; and more.

The recordkeeper also notes that fee compression is largely driving the ongoing industry consolidation.

The firms say that with the acquisition, retirement plan participants will gain the outcome-oriented client focus and deep retirement expertise of both firms while benefiting from a state-of-the-art...

IRS names associate chief counsel for EEE; Northern Trust appoints COO and senior executive; and Wellington Management CEO announces 2020 resignation; managing partner to succeed. 

DWS appoints client coverage leader; Innovest selects new VPs for retirement practices; and PFM announces appointment to Multi-Asset Class Management Investment Committee.

Joy Facos will support Carillon’s affiliates and coordinate ESG data and corporate engagement.

Hall Benefits Law announces changes to ERISA team and BNY Mellon elects governance expert to Board of Directors.

Remaining clients still on the Wells Fargo platform can expect to be transferred to the Principal platform by the end of next year.

NFP acquires multidisciplinary insurance broker; Principal Financial Group announces new customer experience lead; NWPS announces rebranding after numerous acquisitions; and more. 

Franklin Templeton appoints head of U.S. distribution; Northwest Plan Services adds client services VP; and Accounts and sales director joins Capital Wealth Planning.

Tech and client services head joins ICMA-RC; OneDigital acquires employee benefits consulting firm; New York Life elects president; and more.

Alliance acquires recordkeeping, actuarial consultant, and JPAM names Institutional Portfolio Strategy head.

Through a strategic partnership, Infosys and Vanguard will provide a cloud-based recordkeeping platform, with planned enhancements for plan sponsors and participants.

ISS ESG selects global research leader; Newport Group acquires PAi and affiliate company; R&M adds actuarial professionals to Denver region; and more.

Hall Benefits Law names lead ERISA counsel and COO and Aegon Asset Management appoints new global CIO. 

The acquisition creates a comprehensive financial wellness solution for retirement plan participants that takes into account their full financial picture.

TRA acquires retirement plan administrator and Compass Advisors names retirement services director.

Wagner Law Group appoints ERISA attorney to ‘of counsel’; Financial Fitness promotes former executive VP; ProManage adds senior VP and consultant; and more.