Wealth management

Mauricio Noe, formerly head of covered bonds at Royal Bank of Scotland Group PLC, has left the company and will join Deutsche Bank AG later this year, people familiar with the situation said.

IMGCAP(1)]

Scout Investment Advisors Inc., a unit of UMB Financial Corp. of Kansas City, Mo., has hired Benjamin Wiesenfeld to be its chief compliance officer and chief legal counsel.

FBR Capital Markets Corp. started a prime brokerage to be run by a team hired from Shoreline Trading Group, a prime brokerage for hedge funds.

Janus Capital Group announced Friday that Dominic Martellaro, the managing director of its Janus Global Advisors unit, will step down Oct. 31.

Lloyds Banking Group PLC may sell part of its fund management business, including a possible initial public offering of Scottish Widows, to raise cash after its bailout, two people familiar with the talks said.

IMGCAP(1)]

BlackRock Inc. made a big splash in the exchange-traded funds business this summer with its purchase of the investment unit of Barclays Global Investors, and analysts and executives are waiting for the next shoe to drop.

John Hancock Funds is betting that its money management clients are ready for Bollinger bands, moving average convergence/divergence and the Relative Strength Index.

IMGCAP(1)]

IMGCAP(1)]

WSFS Financial Corp. in Wilmington, Del., announced that it has promoted Deborah A. Markwood to senior vice president and director of trust services.

To improve retention and attract younger customers, MetLife Inc. has introduced an online platform to offer financial advice to investors who make a minimum investment of $10,000.

Morgan Stanley has approached asset management companies in the past two months to gauge their interest in buying or forming a partnership with its Van Kampen mutual fund business, people with knowledge of the talks said.

Societe Generale SA, France's second-largest bank, plans to expand its commodities team about 35% by the end of next year, seeking to double the business' size.

Northern Trust Corp. announced Wednesday it repurchased for $87 million a warrant issued to the Treasury Department to buy about 3.8 million shares of its common stock as part of the Tarp Capital Purchase Program.

Confidence among affluent investors grew in the second quarter, according to the TNS Investor Confidence Index.

BNY Mellon Wealth Management, a unit of Bank of New York Mellon Corp., has hired Kristin Nelson and Dean W. Catalano as senior sales directors in the unit's plan to expand in Southern California.

With more advisers selling its products, Jackson National Life Insurance Co. turn in a strong first half in sales of its investment and insurance products.

Northern Trust Corp. has promoted Connie Lindsey to head corporate social responsibility.