Monday, INVEST Financial Corp., a subsidiary of the National Planning Holdings Inc. appointed Steve Dowden as president and chief executive officer. Dowden succeeds Lynn Niedermeier, who retired in July after serving as the firm's president and chief executive officer since 2001.
Dowden was previously senior vice president of distribution and president and chief executive officer of CUNA Brokerage Services Inc. He has more than 25 years of experience in the financial industry. Prior to joining CUNA, Dowden was president of the investment and insurance program at IBM Mid America Federal Employee Credit Union.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.