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

Riley was a vice president and chief investment officer for the Nationwide Financial unit of Nationwide Mutual Insurance Co. in Columbus, Ohio. He also chaired the investment committee at Nationwide Investment Advisors Corp. LLC. In his new job he reports to Ian Sheridan, First Mercantile's president.

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