Wealth management

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Bryn Mawr Trust Co.'s wealth management business has taken some hits in the past year, but executives of the Pennsylvania bank say their ambitious goals for the unit remain within reach.

Bank of New York Mellon Corp. said Bruce Van Saun, its chief financial officer, is leaving the company to "pursue new leadership opportunities."

MBIA Inc., Ambac Financial Group Inc., and the rest of the bond insurance industry will have to disclose troubled securities they insured and speed the pace of reserving against deteriorating credits under new accounting rules.

Wilmington Trust Corp. said that it had promoted Kemp C. Stickney to chief fiduciary officer in its wealth advisory services business.

ING Group NV's U.S. life insurance business has found a wealth of new assets by selling term-life products to lower- and middle-income individuals through niche marketing and alternative distribution channels.

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State Street Global Advisors, the investment management arm of State Street Corp., announced that it has introduced the SPDR S&P Emerging Markets Small Cap Exchange-Traded Fund.

BlackRock Inc. announced that it has hired Craig Phillips to run its financial markets advisory group.

Fidelity Investments said that it had introduced an international equity fund.

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Vanguard Group announced that it has added Edinburgh Partners Ltd. as a subadviser to its international value fund.

WisdomTree Investments Inc. said Tuesday that it had introduced an actively managed, exchange-traded fund.

BNP Paribas' new investment unit, Fridson Investment Advisors, specializes in corporate credit and stresses transparency in an effort to stand out in a crowded field of alternative investment managers.

ING Group NV has named Valerie Brown president of its retail annuity market segment, which is part of its wealth management group in New York.

Wells Fargo & Co. in San Francisco said Monday that its health savings account deposits have grown 41% for the year to date, to $264 million.

Wilmington Trust Corp. has launched a subsidiary in Amsterdam Monday to expand its corporate product and service offerings in Europe.