First Mercantile Trust Co. in Memphis, a unit of MassMutual Financial Group, has hired C. Edwin Riley as CIO.

Riley was a VP and CIO for the Nationwide Financial unit of Nationwide Mutual Insurance Co. in Columbus, Ohio. He also chaired the investment committee at Nationwide Investment Advisors Corp. LLC. In his new job he reports to Ian Sheridan, First Mercantile's president.

Before joining Nationwide Financial, Riley was a senior investment executive and portfolio manager for several money management firms. Most notably, he was a SVP and director of equity management at NationsBank, which is now a part of Bank of America Corp.

The hiring was announced last week.

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