Wealth management

Wilmington Trust Corp. hired a team of 12 corporate trust experts to provide administrative services for corporate participants in capital markets transactions.

For more information on this data, visit Novantas LLC and Market Rates Insight.

The Pittsburgh investment manager Federated Investors Inc. has a deal to acquire two funds from David W. Tice & Associates LLC.

BNP Paribas SA hired Thomas Mahala and Jason Miller for its global hedge fund relationship management team in New York.

Erin Callan, who was Lehman Brothers' chief financial officer until being demoted last month, will join Credit Suisse Group as the head of its investment bank's global hedge fund business.

American International Group Inc. said Monday that a subsidiary has bought all the outstanding shares of Ascot Underwriting Holdings Ltd. that AIG did not already own.

State Street Corp.'s top executive said market conditions will make it difficult for his Boston company to maintain its strong second-quarter growth, but hopes to weather the second half by focusing on core businesses, cutting expenses, and attracting new customers.

Limra International Inc., a Windsor, Conn., wealth manager, hired Scott Stathis as a managing director and chief operating officer of Kehrer-Limra, its Princeton, N.J., bank brokerage research and consulting arm.

The Philadelphia wealth management firm Janney Montgomery Scott LLC has hired Francis J. McAleer Jr. as director of wealth management sales and marketing in its wealth management department.

U.S. Bancorp hired William Benjamin chief executive officer of U.S. Bancorp Investments Inc. and U.S. Bancorp Insurance Services LLC.

Placemark Investments Inc.'s president, Richard Dion, wants his company to increase distribution through small advisers during the coming months.

New York Life International LLC, the international arm of New York Life Insurance Co., announced that Mario Vela has succeeded William Beaty as director general and head of its Seguros Monterrey New York Life subsidiary in Mexico City.

The growing popularity of fee-based advice is prompting investment platform providers to upgrade the capabilities they offer advisers at banks and elsewhere.

Massachusetts Mutual Life Insurance Co. of Springfield has hired Kimberly Grose as an assistant vice president in its U.S. insurance group's underwriting division.

Northern Trust Global Investments of Chicago has hired George P. Maris as a senior vice president and senior portfolio manager of its institutional large-cap core strategy.

Before Dennis Ferro retires as chief executive officer at Evergreen Investments, Wachovia Corp.'s investment management arm, he says that he wants to expand its alternative investment capabilities and its international distribution.

(To see this graphic in full, click on the image in the box to the right.)

For more information on this data, visit Novantas LLC and Market Rates Insight.