Wealth management

Northern Trust Corp. of Chicago has been selected to provide custody and fund administration services to the $91 million Gottex Market Neutral Trust Ltd, a Guernsey, England, fund of hedge funds.

Five down, two to go for Wilmington Trust Corp.

BlackRock Inc. has introduced a family of nine life-cycle funds.

RBC Capital Markets of New York, a Royal Bank of Canada unit, has completed its acquisition of Seasongood & Mayer LLC of Cincinnati, Ohio's top public finance firm and an underwriter of municipal debt.

Northern Trust Corp. of Chicago has opened a personal financial services and banking center, its 85th.

Kingdom Holding Co. of Riyadh, the Saudi Arabian investment company owned by the billionaire Prince Alwaleed bin Talal, will sell an $840 million stake in an initial public offering.

The House Financial Services Committee plans to tackle terrorism risk insurance and credit reports this week.

The first-ever chief investment officer of Compass Bank’s wealth management group will focus much of his energy on expanding the use of unified managed accounts in the bank’s trust and wealth management units.

SBI Asset Management, a subsidiary of Tokyo's SBI Holdings Inc., has established an investment trust, the SBI India and Vietnam Stock Fund.

John Hancock Life Insurance Co., a unit of Manulife Financial Corp. of Toronto, said it has more than a million long-term-care insurance policyholders in its individual and group businesses.

Barclays Global Investors launched an international dividend fund Friday.

Hartford Financial Services Group Inc. has named Daniel Andriola chief financial officer of the institutional solutions group in the U.S. wealth management division in Simsbury, Conn.

Jackson National Life Insurance Co., a Lansing, Mich., unit of London's Prudential PLC, announced changes in executive assignments at its sales and distribution arm, Jackson National Life Distributors LLC.

Thrivent Financial for Lutherans is offering a new single-premium immediate annuity that includes a payment type adjusted for inflation.

SEI Investments Co. of Oaks, Pa., is both a technology vendor and an asset management services provider. But it has had trouble convincing European banks it can do the former and U.S. banks it can do the latter.

UMB Fund Services Inc. of Milwaukee, part of UMB Financial Corp. of Kansas City, Mo., promoted John Zader, its chief operating officer, to chief executive officer.