Wealth management

Atlantic Trust, a private wealth management firm in Atlanta, has appointed Logan Allin to the newly created post of head of strategy and client experience.

Barclays PLC's wealth management unit on Monday named Chris Williams director and regional manager of its Chicago office.

Invesco PowerShares has contracted for exclusive rights to four Keefe, Bruyette & Woods Inc. indexes to offer specialized exchange-traded funds in real estate, financial services and property and casualty insurance.

Establishing a presence in China is slow going, but Northern Trust Corp., which recently won approval for a Beijing branch office, believes the payoff will be worth the wait.

UBS AG's wealth management unit for the Americas plans to open a Manhattan office, according to an internal memo issued Thursday.

Boston Private Financial Holdings, a national umbrella company providing private banking and wealth management services through affiliates, has promoted Mark Thompson to be CEO of its private banking group.

Thanks to record low Aa corporate discount bond rates and declines in domestic and international stocks, U.S. corporate pension plans saw their funding status dip more than 5.6 percentage points, to 71.3%, in August, according to BNY Mellon Asset Management.

Goldman Sachs Asset Management announced Friday that it had named Jim O'Neill chairman.

Goldman Sachs Group Inc. was founded in 1869 but only last week did it begin targeting the mainstream retail-buyer base for municipal bonds.

Goldman Sachs Group Inc. said it has appointed Jim O'Neill chairman of its $800 billion asset-management arm, a newly created role designed to leverage his "global perspective on world markets."

Proprietary traders within Goldman Sachs Group Inc.'s U.S. principal strategies equities unit are in talks to join other firms, according to a person familiar with the situation.

Goldman Sachs Group Inc. has agreed to a fine of nearly 20 million pounds ($30.7 million) as part of an investigation by the U.K.'s Financial Services Authority that began shortly after U.S. regulators accused the firm in April of fraud.

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Bank brokerage had a terrible 2009 as investment revenue per $1 million in retail deposits fell 12%, according to Kehrer-Limra, which now has full data for last year.

State Street Corp., known for its passive asset management, may soon expand its small active management business. The Boston company is in talks to buy the asset management unit of Bank of Ireland, according to Bloomberg News.

Robert Diamond, the architect of Barclays PLC's investment banking expansion, was appointed the bank's chief executive and pledged to boost its consumer unit.

Bank of New York Mellon Corp., the biggest custodian of other firms' assets, is planning what it says is the first online market in Europe to make it easier to trade hard-to-value asset-backed securities.

The Treasury Department said it intends to sell warrants in Hartford Financial Services Group Inc. and Lincoln National Corp. that it got as part of a bailout of the two insurers.

Limra is partnering with Smarsh, a provider of secure e-mail archiving solutions compliant with Finra and Securities and Exchange Commission standards, to provide these services to its members.

Driven by the emerging markets of Asia, the global retirement market is slated to expand to $46 trillion from $28 trillion by 2020, according to a report by Allianz.