Qi Wang was promoted to CIO of portfolio implementation at PIMCO; she also oversees analytics, and data structure and delivery.

State Street, PIMCO, Blackstone and other large asset managers said they would pay for employees' travel expenses related to abortion care.

Daniel Yem joined J.P. Morgan Asset Management as a senior investment specialist for business and product strategy in the DC business.

Howard Brindle was named group chief operating officer of Cardano Group, a U.K. pension adviser and investment manager.

Bill Wendel departed BNY Mellon and joined Advisors Asset Management as managing director and head of institutional and alternatives.

Justin Chapman was named global head of Northern Trust's new digital assets and financial markets group, effective immediately.

American Beacon Advisors will close its midcap value fund, terminate the three subadvisers and transfer the assets to a smidcap value fund.

Newton hired Christopher Nichols as head of client solutions, a new position.

Fidelity Investments is building out a new diversifying solutions unit to meet client demand for alternative investment strategies.

Andrew Morris was named head of infrastructure equity, a new position at UBS Asset Management.

Michael Viehs was named senior principal and global head of sustainable investing at outsourced CIO firm Partners Capital Investment Group.

Cooper Abbott was named CEO of Matthews Asia, replacing William J. Hackett, who will retire June 30.

Kudu Investment Management acquired a minority interest in emerging markets specialist Gramercy Funds Management.

State Street Corp. said it's not pursuing any acquisition or business combination with Credit Suisse Group.

Mackenzie Investments set up a succession plan for the leadership of its Mackenzie Ivy funds group.

Credit Suisse Group is considering a fresh round of job cuts, part of a renewed push to slash costs after warning of a second-quarter loss.

Min Huang was named head of asset management, Asia-Pacific, at Credit Suisse after seven months of being in the role on an interim basis.

BlackRock, facing political scrutiny over its stance on ESG investing and its outsize influence, is on a mission to reintroduce itself to Washington.

Anita Rausch was named global head of ETF capital markets at AllianceBernstein, a newly created role at the money manager.

Kourtney Gibson was named chief institutional client officer at TIAA-CREF, succeeding Doug Chittenden.

Carillon Tower Advisers acquired Chartwell Investment Partners as parent Raymond James completed the purchase of TriState Holdings.

Stefan Hoops was named DWS Group CEO, replacing Asoka Woehrmann, who is resigning amid allegations of greenwashing.

Mickey Weatherston was named principal, head of sustainability and ESG integration at Nuveen subsidiary Churchill Asset Management.

Massachusetts Mutual Life Insurance joined with White Mountains Insurance Group to become an equity investor in Kudu Investment Management.

Westwood Holdings Group will buy alternatives manager Salient Partners for $35 million in a deal that will close by the end of the year.