The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fidelity and Goldman Part Ways Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 27, 2010

Fidelity and Goldman Part Ways

News summary by MFWire's editors

One year after joining Ned Johnson's team, Charles Goldman is heading out. A spokesman for Fidelity confirmed that the clearing and custody chief (who led Schwab Institutional before joining the Boston Behemoth) will leave the firm at the end of March. Yet Fidelity is not hunting for a successor.

"Charles [Goldman] is leaving to pursue opportunities outside the organization," Fidelity spokesman Vin Loporchio told The MFWire, adding that the three presidents who reported to Goldman now report directly to Fidelity Institutional chief Gerald McGraw, effective immediately. "He won't be replaced."

Those three chiefs are: Mike Durbin, president of Institutional Wealth Services (Fidelity's RIA platform, which boasted $392.7 billion in assets on December 31, a 35 percent increase for the year); Sanjiv Michandani, president of National Financial (Fidelity's clearing platform, which had $550 billion in assets on December 31, up 8.7 percent year-over-year); and Ed Orazem, president of Family Office Services (which ended 2009 with over 100 clients). 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use