People Moves
Wells Fargo
Fiona Gallagher has been named chief executive of Wells Fargo Bank International, effective from 1 October 2019.
She will be responsible for its European Bank, including its UK and Germany branches, as well as sitting on the company’s board and on the board and management committees.
She joins from Deutsche Bank where she served for 15 years. She will leave her role as managing director, global head of securities and chief country officer for Ireland.
Sun Life
The US-based insurance, wealth and asset management firm has hired Jennifer Collier as senior vice president of Stop-Loss & Health.
Collier joins from health insurer Cigna, where she was chief operating officer of middle market operations.
Level Four
Former international basketball player Delon Turner has joined Level Four Sports and Entertainment as a wealth adviser.
Truner is a former Citi Bank executive and financial adviser at Merrill Lynch, and will be offering financial planning solutions to professional athletes and entertainers .
He will be based in South Florida.
M&A
Orion Advisor Services
Portfolio management solution provider Orion Advisor Services has acquired financial planning and technology firm Advizr.
Advizr is headquartered in New York and provides technological solutions to financial advisers and institutions to help them engage with their investors.
The two firms will combine their platforms and the increased offerings will be available to current and prospective clients by late 2019.
The sum paid to Advizr was not disclosed, but the transaction is subject to customary closing conditions.
Product launches
Model FA
The community for financial advisers, built by financial advisers, has rolled out a resource library and podcast.
The latter will feature interviews with industry leaders aimed at inspiring financial advisers to achieve more; while the library will provide a series of templates and “field-tested” best practices.
Pacific Funds
The US investment manager has expanded its fixed-income products with the addition of the Pacific Funds Ultra Short Income.
The fund is actively managed by Pacific Asset Management, which also looks after five other Pacific funds.
The firm said that the latest offering is designed for those who seek income, want to preserve capital and want to be protected against interest rate volatility.
