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

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

Rating:Ever Retiring, Ned Makes Another Change in Fido's Top Ranks Not Rated 2.0 Email Routing List Email & Route  Print Print
Friday, February 12, 2010

Ever Retiring, Ned Makes Another Change in Fido's Top Ranks

Reported by Daniel Tovrov

Less than three months after he moved from running all of asset management to heading up client management in Fidelity's workplace investing division, Mike Wilens has a new role at the Boston Behemoth. Wilens is now head of client strategy at Fidelity Investments, company spokesperson Vin Loporchio confirmed to The MFWire.

Michael Wilens
Fidelity Investments
Head of Corporate Operations
Wilens' tenure at Fidelity's 401(k) unit was too short to leave a lasting mark. Wilens himself was mostly a cipher, someone who came from outside the fund industry and had no retirement background. He never made the 401(k) rounds and was not personally known by other industry leaders.

Sources interviewed by The MFWire for this story repeatedly theorized that he was merely a placeholder for the 401(k) job until Fidelity could find a permanent replacement for Scott David.

The 401(k) biz remains the core part of Fidelity's' asset gathering strategy and the head of that biz is one of the most important jobs at 82 Devonshire Street. With Wilen to a different role within Fidelity, that job that now falls to Jim MacDonald, head of workplace investing services.

"We believe the changes will help ensure that our structure is tailored to our overall operational needs," Loporchio said.

Wilens joined Fidelity as the asset management leader in June of 2008. Last November, he moved to the workplace investing division, taking on the role vacated by David, who took a leave of absence due to family matters.

Before joining Fidelity, Wilens was the chief technology officer at Thomson Reuters and had headed Thomson's legal publishing business as president and CEO of Thomson Legal & Regulatory's North American Legal division.

In other Fidelity news, the firm tapped Steve Ulian, who led product management in the investment-only division, head of the newly formed sales and relationship support team. Ulian now reports to Jeff Lagarce, a former OppenheimerFunds executive who rejoined Fidelity last year as head of sales and relationship management in the retirement unit. 

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

2.0
 Do You Recommend This Story?



GO TO: MFWire
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:
Raw XML
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