Matt Ackermann

HSBC Holdings PLC announced Monday it hired Kaveh Samie as a managing director and head of equities for the Middle East.

Lincoln Financial Group has hired Anant Bhalla as corporate treasurer and head of risk management.

AmTrust Financial Services entered into an agreement to invest in American Capital Acquisition in connection with its acquisition of GMAC Financial Services' U.S. consumer property/casualty insurance business.

The share of mass-affluent households using full-service brokers as their private financial advisers has declined by eight percentage points, to 22%, this year, according to Spectrem Group research.

Linebacker turned financial adviser Reggie Wilkes says the biggest surprise of his football career was the startling number of teammates who couldn't balance their checkbooks.

National Financial, Fidelity Investments' clearing unit, has started a program that enables retail broker-dealers to deposit or "sweep" cash in their customers' eligible brokerage accounts into multiple interest-bearing bank accounts that offer FDIC coverage.

Genworth Financial of Richmond, Va., said Wednesday that it has expanded its board from nine to 11 directors, electing Christine B. Mead and Thomas E. Moloney as independent directors.

Mutual fund sales outpaced those of annuities during the second quarter, and more of the same is expected through next year.

Babson Capital Management LLC in Springfield, Mass., has hired Glenn Weiner to its consultant relations team.

MFC Global Investment Management in Boston, a unit of Manulife Financial Corp. of Toronto, has expanded its global multisector fixed-income team.

Invest Financial Corp., a Tampa broker-dealer unit of Jackson National Life Insurance of Lansing, Mich., announced Tuesday that it has hired Steve Dowden as president and chief executive.

Bank of New York Mellon Corp. announced Tuesday it has promoted Sheena Wilson to global head of talent strategy.

Grail Advisors, an exchange-traded fund provider based in San Francisco, has a new actively managed fixed-income ETF, the third it unveiled in a week.

First Mercantile Trust Co. in Memphis, a unit of MassMutual Financial Group, has hired C. Edwin Riley as chief investment officer.

Citi Private Bank has hired David Bailin as a managing director and global head of managed investments.

U.S. Bancorp said it has agreed to buy the bond trustee business of First Citizens Bank, a subsidiary of First Citizens BancShares Inc. of Raleigh.

It's Saturday morning, and sandwiched between segments about designer purses and custom jewelry on QVC, TD Ameritrade is making history, peddling the first wealth management product available on the cable network.

U.S. Bancorp announced Wednesday that it had hired Anthony Vuoto as general manager of U.S. Bank's retail payment solutions division, which comprises consumer and small-business credit, debit, prepaid and specialty card businesses, as well as its retail payments innovation unit.

Invesco Ltd., an Atlanta investment manager, has hired K. Stuart Peskin as managing director for client services in its institutional sales and client services team.

Scottrade Inc., a St. Louis online investment company, has hired Jared Macke as its online marketing manager.