idelity is losing its online talent to rivals, claims today's On State Street
column in the Boston Herald
. The latest to depart is David Tyrie
, who was senior vice president in charge of on-line brokerage and mutual fund transactions. He is now at Putnam Investments. Tyrie replaced Stephan Killeen
when Killeen left Fidelity to join Raging Bull last month. Tyrie is now senior vice president in charge of "channel development," at Putnam. Part of his job will be developing Internet services for investors and brokers.
imberly Seals McDonald in The New York Post
reports that the first fund from E*Trade's new family will be a S&P 500 index. The fund will be launched next week and be subadvised by Barclays Global Fund Advisors.
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