New Hire Roundup: Prudential Names Ward Head of Stable Value
In other new hires, HighTower announced that Kimberly Hollenbeck will join the firm as executive director of business development.
Garrett Brings NY Fed Into FSOC Issues
Rep. Scott Garrett is demanding that the New York Fed share with him any information it provides to the FSOC on nonbank SIFI designations.
House Committee Votes to Block SIFI Designations
The two bills would effectively shutter the FSOC for a year, but analysts give them little chance of becoming law.
House Seeks 6-Month Halt on SIFI Designations
House Financial Services will vote Thursday on a bill that would bar the FSOC from designating any financial institution as systemically significant for six months.
Prudential, MetLife Gain After Senate Eases Dodd-Frank for Insurers
Prudential and MetLife rallied after the Senate approved a bill giving Federal Reserve regulators more flexibility in applying capital rules to the biggest life insurers.
Prudential Retirement Names Reddy Head of Investment
In this newly created role, Srinivas Reddy will be responsible for all aspects of the investment and retirement income businesses.
AIG Seeks to Add 600 Advisors in Annuities Push
AIG plans to add 600 advisors in a push to increase sales of retirement products as some rivals retreat from annuities.
New Hire Roundup: OppenheimerFunds Makes 3 Senior Hires
The PCAOB announced its new chief hearing officer, and Capstone Financial Group has hired Steve Lee to spearhead advisor recruitment and coaching.
The Hunt for a Pension Crisis Fix
It’s gotten so bad that many cities have found themselves paying more for retiree benefits than they do for public services such as fire and police.
Top Portfolio Products: New Target Volatility Portfolio From Fidelity
New products introduced over the last week include a new target volatility portfolio by Fidelity and a new emerging-markets local debt portfolio from Invesco PowerShares.