just brought a fellow Evergreen Investments
alum on board to lead product management at Fidelity
Investments Institutional Services Company, the unit that distributes the Boston Behemoth's mutual funds and 401(k) offerings through intermediaries. Fidelity spokesman Steve Austin confirmed that Scott Couto
is joining FIIS as head of product management.
Couto oversees investment product management, as well as institutional product management, investment consulting services and product analysis. Marty Willis
, executive vice president of investment product management for FIIS, will join OppenheimerFunds
on October 1 (see the MFWire, 9/2/2009
Couto most recently led a team of product professionals at Evergreen, developing various products, including core-plus, fixed income, global enhanced index, leveraged credit and portable alpha products. A spokesperson for Evergreen could not immediately be reached for comment on how Couto's duties are being handled.
Cieszko himself previously led distribution for Evergreen, and he was tapped as Evergreen's next CEO shortly before Wells Fargo
took over Evergreen's parent Wachovia
. Cieszko left Evergreen shortly before the Wells Fargo deal closed and he joined Fidelity.
Stay ahead of the news ... Sign up for our email alerts now