Wealth management

First Symetra National Life Insurance Co. of New York said Wednesday that it had been named a preferred provider of term life insurance for Bank of New York, which has 341 retail branches and 700,000 customers in New York, New Jersey, and Connecticut.

The Hartford Financial Services Group Inc. said Tuesday that it plans to hire at least 100 bilingual employees for its Pennsylvania sales and customer service centers in Fort Washington and Fogelsville.

Tremont Capital Management Inc. in Rye, N.Y., said Tuesday that it has a definitive agreement to sell its Tass Research database business to Lipper, a fund analysis and research firm that is a subsidiary of Reuters Group PLC.

Jackson National Life Insurance Co. has introduced a flexible, premium-deferred fixed and variable annuity.

Amvescap PLC said Tuesday that John D. Rogers, an executive vice president and the chief executive officer of its Invesco division, had been appointed to its board of directors.

American International Group Inc. has announced the election of Stephen L. Hammerman to its board of directors.

Bank of America Corp. announced Tuesday that it has appointed State Street Corp. to supply investment operations services to its entire fund unit, Columbia Management Group.

PFPC Inc. announced Tuesday the consolidation of its U.S. and international alternative investment groups under a management structure headed by Joan Kehoe, the president of PFPC International Ltd.

CSFB Private Client Services plans to roughly double the size of its operation — now nine offices and 250 advisers — in the next three to five years, its new top executive says.

Trustmark Mutual Holding Co. of Lake Forest, Ill., said Monday that it had promoted David M. McDonough to chief executive officer.

JPMorgan Funds, the U.S. mutual fund business of JPMorgan Chase & Co., said Monday that it had launched a new equity fund, JPMorgan Value Advantage.

Citizens and Hanover Insurance Cos. in Worcester, Mass., said Monday that it had hired Douglas H. McDonough as the president of its Middle Atlantic region.

General Electric Co. in Fairfield, Conn., announced Monday that it plans to sell up to 82 million class A common shares of Genworth Financial Inc., its insurance spinoff, through a secondary public offering and a sale to Citigroup Global Markets Inc.

Hartford Financial Services Group Inc. said Monday that it had put David S. De Berry in charge of claims at its Hartford Financial Products organization, which provides financial and professional insurance products.

Putnam Investments announced investment management changes Friday in its Putnam Voyager Fund and Putnam Growth Opportunities Fund.

Merrill Lynch & Co. has announced an agreement to buy Pax Clearing Corp., a Chicago options, stock, and futures clearing company.

Aon Corp. agreed Friday to pay $190 million to settle charges by five agencies in three states that it had accepted payments in exchange for steering clients toward certain insurance providers.

Low interest rates and a scandal-ridden environment affected banks' fixed and variable annuity sales in the fourth quarter, according to a consultant who tracks them.