People and Company News, Week of May 22, 2026
- Tim Ferriter has been tapped as head of Product, Digital, and Growth at PNC Bank’s Retail Bank division. Ferriter will integrate the product development, product management, digital, and payments teams and will contribute to accelerating company-wide growth. Ferriter will be based at the bank’s office in Wilmington, Delaware, and will be reporting to Alex Overstrom, PNC’s head of Retail Banking. Prior to joining PNC Bank, Ferriter most recently served as head of Digital at JP Morgan Chase and was responsible for the Chase mobile app, online banking platforms, and the consumer-facing AI strategy.
- Jeffrey Kellogg has been tapped as head of Global Investment Products at Manulife Wealth & Asset Management. Kellogg will lead Manulife WAM’s global investment products organization, overseeing strategy, innovation, and execution across the firm’s retail, institutional, retirement, and wealth distribution channels worldwide. Kellogg will be reporting to Manulife WAM’s CEO and president Paul Lorentz. Before joining Manulife WAM, Kellogg most recently served as SVP and head of Corporate Investment Strategies at Franklin Templeton. He also served as chair of Franklin Templeton’s Global Product Committee, where he oversaw global product governance.
- Robert Riedl has been tapped as managing director and head of Private Capital at Global Alternative Investment Management, a fund management firm. Riedl will be responsible for leading the firm’s private capital platform, overseeing the sourcing, evaluation, structuring, and execution of private market investment opportunities across various asset classes. Before joining Global Alternative Investment Management, Riedl held roles at Wells Fargo Securities, KeyBanc Capital Markets, and Piper Sandler.
- CAIS, an alternative investment platform, has partnered with Anthropic‘s Claude to launch a Model Context Protocol server, which enables advisors to query fund data, analyze performance, and surface portfolio insights. The server is available to a select group of advisors within the CAIS network.
- Triad Wealth Partners, the wealth management affiliate of Triad Partners, a financial services platform, has surpassed $2B in assets under management. Triad Wealth, which launched in 2023, provides investment management, financial planning strategies, and practice management support to higher-net-worth clients.
- Lamina, a multi-lender platform, and Farm Credit Bank of Texas have partnered to “modernize” FCBT’s capital markets operations through Lamina’s platform for API-driven workflow and AI-powered data extraction. FCBT chose to partner with Lamina for its capabilities and its partnership with the nCino platform. Farm Credit Bank of Texas is a wholesale lender financing across agriculture, rural communities, and agribusiness.
- Groundfloor, a private markets platform, has launched its Consumer Credit Portfolio II. The new private credit offering provides investors with diversified exposure to short-term consumer loans. The portfolio is designed to provide both income consistency and risk management through multiple layers of protection and targets fixed annual returns of 10% with quarterly distributions over a 45-month term. The Consumer Credit Portfolio II is managed in partnership with Hive Financial Assets, a private credit manager.
- Summit Global Investments has launched Summit Global Family Office, a family office platform that’s designed to serve ultra-high-net-worth individuals, multi-generational families, entrepreneurs, and globally connected clients. The platform offers institutional investment management, global advisory, private capital access, and long-term wealth management. With the launch, Summit Global has added J. Golden Moore as director of Global Client Advisory.
- Interactive Brokers has launched its newest offering for trading prediction markets across three leading U.S. prediction market platforms — Kalshi, CME Group, and ForecastEx. IBKR’s Prediction Markets offering enables investors to access and trade contracts across all three prediction market exchanges. IBKR’s Prediction Markets platform is fully integrated within the Interactive Brokers trading platform. Additionally, the Prediction Markets will initially focus on election outcomes, climate events, and economic indicators.
- Sigma, an AI-backed application and agentic analytics platform, has raised $80M in its Series E funding round, which is at a $3B valuation. The round was led by new investor Princeville Capital with participation from new investors, including Databricks Ventures, ServiceNow Ventures, and Workday Ventures. The capital will go towards financing enterprise AI data and technology.
- Stellus Capital Management, a lower middle-market private equity firm, has raised $1.5B in the closing round for its Stellus Credit Fund IV. The fund is focused on sourcing and underwriting private credit opportunities across industries throughout the United States and Canada. Recently, Stellus announced its plans to be acquiredby Ridgepost Capital. The transaction is expected to close this year.
- Eisen, an AI-powered compliance operations platform, has raised $18.5M in funding, including $10M for its Series A funding round, which was led by MissionOG. Eisen also received $8.5M in a seed round led by Index Ventures, with additional participation from Cowboy Ventures, First Round Capital, Homebrew, and Restive Ventures. The company plans to use the funding to expand its compliance coverage and grow its team serving fintechs, financial institutions, and digital asset companies.
