Massachusetts Regulator Investigating BNY Mellon Tech Glitch
Galvin is also querying six fund providers about a tech failure that caused delays in the pricing of mutual funds and ETFs for several days.
New Hire Roundup: Ken Fisher Isn’t Retiring, He’s Dropping a Title
Reports of Fisher’s imminent retirement were exaggerated. Meanwhile, asset management firm TCW Group announced that Heather Conforto Beatty joined as SVP.
SSgA Taps Former Fidelity Exec O’Hanley as New President, CEO
New State Street Global Advisors head O’Hanley also spent 13 years in leadership positions at Mellon Bank and Bank of New York Mellon.
Vanguard Takes 90% of ETF Inflows in First Quarter
Vanguard added seven times more to ETFs in the first quarter than rest of the U.S. industry combined.
New Hire Roundup: American Century Names New Co-CIOs
Meanwhile, Nicholas Lance joined OneAmerica, and Sebastian Gomez Abero was tapped to lead the SEC Office of Small Business Policy.
New Hire Roundup: Ex-NFL Quarterback Joins Lourd Capital Management
This week in new hires, Lourd Capital Management welcomed former NFL quarterback Cade McNown as vice president, and Christine Walker went to Drexel Morgan Capital Advisers.
New Hire Roundup: Lincoln Financial Advisors Appoints Joseph Gaeckle
This week in new hires, Joseph Gaeckle was appointed managing principal at Lincoln Financial Advisors, and Jeff Conway was named to lead a data analytics group at State Street.
New Hire Roundup: U.S. Bank Wealth Management Welcomes Mook
This week in new hires, David Mook joined U.S. Bank Wealth Management, and Sterne Agee welcomed Robert Mohs to its Chicago office.
Top Portfolio Products: State Street Launches Two Low-Volatility SPDRs
In addition, Fidelity says it will close two share classes of the Fidelity Small Cap Value Fund.
BlackRock Not Changing iShares’ Fees; Vanguard Cutting More ETF Expenses
The ETF provider clarifies its expense policy after filings created confusion.