Wealth management

First Republic Bank in San Francisco said Monday it hired Brett Berry to be the managing director of its investment management subsidiary, Trainer Wortham & Co.

Dreyfus Corp., a unit of Mellon Financial Corp., announced Monday that Phil Maisano, the head of alternative investments at Mellon Asset Management, will take the additional role of Dreyfus' chief investment officer and its vice chairman.

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Legg Mason Inc. has rebranded all of its U.S. mutual funds, including most of the Smith Barney and Salomon Brothers funds it acquired from Citigroup Inc. in December 2005.

Arthur J. Gallagher & Co., an Itasca, Ill., insurance broker, has acquired Adams & Associates International Ltd., a retail insurance broker based in Columbia, S.C.

MetLife Inc. wants to expand its market share Korea.

Some banks are adjusting their 529 college savings plans to keep pace as competitors continue to respond to pressure to reduce fees.

The Pennsylvania Treasury Department has hired Vanguard Group Inc. and Upromise Inc. to overhaul its direct-sale 529 college savings plan.

Jackson National Life Insurance Co. has launched a retirement and wealth strategies group.

TD Ameritrade Holding Corp.'s board has approved an initiative to more than double its stock buyback plan.

New York Life Investment Management LLC said its equity investors group has launched an absolute return strategy for institutional clients.

Transamerica Retirement Services of Los Angeles has hired Christopher H. Barlow as regional vice president of sales for southern Ohio.

The Kansas State Treasurer's Office said it renewed its contract with American Century Proprietary Holdings Inc. to manage one of the state's section 529 college savings platforms, which now will feature more investment options and lower fees.

Deutsche Asset Management launched two alternative investment funds.

ING Group NV has hired Eric Baldwin, a Key Investment Services executive, to run regional bank distribution of its fixed annuities.

Barclays Global Investors has launched its second socially responsible exchange-traded fund.

State Street Global Advisors of Boston has hired Scott B. Richards as a senior high-yield portfolio manager in its global fixed-income group.

Barrington Bank and Trust Co., a subsidiary of Wintrust Financial Corp. of Lake Forest, Ill., has established a private banking service for physicians.