Wealth management

American International Group Inc. in New York announced Tuesday that its board had elected chief credit officer Kevin B. McGinn a vice president.

SunTrust Banks Inc. on Tuesday combined its sports and entertainment private banking practices in a unit that will also seek to develop wealth management business with professional athletes.

MetLife Auto and Home, a Warwick, R.I., subsidiary of New York's MetLife Inc., said Tuesday that it in early May it will become the first national insurer in the United States to offer identity theft resolution service with its automobile policies at no additional cost.

Manulife Financial Corp. in Toronto said Tuesday that it had closed a previously announced offering of $299.3 million of senior medium-term notes.

Bank of New York Co. Inc. said Tuesday that it had registered an investment fund company in Poland.

Calvert Group Ltd., a Bethesda, Md., company that manages a family of socially responsible mutual funds, has hired a former Clinton administration official as a senior vice president for social research and policy.

Hartford Financial Services Group Inc. said it is the first U.S. insurer to offer life insurance at standard rates to men age 60 and older who have undergone surgery to treat moderate levels of prostate cancer.

Adviser confidence, which has been on a steady decline since December, slipped again in March, according to a study released Monday.

Facing pressure to find new avenues for asset-gathering, Fidelity Investments is using an independent subsidiary to attract institutional assets.

Axa UK, the holding company for Paris-based Axa Group's insurance operations in Great Britain and Ireland, said Friday that Dennis Holt, 57, would retire on June 30 as group chief executive of the U.K. unit.

The board of Prudential PLC in London responded to an announcement by Aviva PLC Friday afternoon that it had dropped its takeover effort by asserting the directors' "full confidence in Prudential's independent future" and continuing focus "on delivering sustainable and profitable growth for its shareholders."

Scottrade has hired Chris X. Moloney as its chief marketing officer, the St. Louis-based online brokerage company announced Thursday.

Group Health Inc. of New York will work with Amisys Synertech Inc. to develop a consumer health-care product, the companies announced Thursday.

AIG Global Energy, a unit of American International Group Inc., has named Thomas Morelli president of its casualty division and David Hawksby president of its property division.

Columbia Management, the investment management arm of Bank of America, has started a support program for financial advisers and investment professional who want to provide clients with retirement and rollover strategies, the company announced Thursday.

Despite the mutual fund industry's best efforts, it does not appear the haze surrounding the Securities and Exchange Commission's controversial redemption fee rule is about to clear.

Pyramis Global Advisors, a Fidelity Investments unit, announced Wednesday that it had hired Young D. Chin, the president and chief executive officer of Gartmore Global Investments, to be its chief investment officer.

Morgan Stanley’s global wealth management group reported first-quarter income Wednesday 93% lower than the year earlier.

Genworth Financial announced Wednesday that it had elected James S. Riepe, who retired at the end of last year as vice chairman of T. Rowe Price Group Inc., to its board of directors.