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Friday, July 09, 2010

Fidelity Replaces a Top Retirement Exec

News summary by MFWire's editors

Fidelity just named a new chief for one of its retirement plan products. Yesterday The MFWire's sister publication, The 401kWire, reported that the Boston-based mutual fund titan promoted Mike Harger to take over the Advisor 401(k) team within Peter Cieszko's Fidelity Investments Institutional Services unit. Harger succeeds Rich Linton who is leaving Fidelity for Bank of America Merrill Lynch.

For more details on Harger's and Linton's moves, see The 401kWire's coverage, here and here.

At the same time, Fidelity may also be on the hunt for a top executive in its bundled retirement plan business (called Workplace Investing). Steve Ulian, executive vice president of sales and relationship management in Workplace Investing, is also joining BofA Merrill. A Fidelity spokesman confirmed to The 401kWire that Ulian's boss, Jeff Lagarce, is taking on Ulian's duties for now, while Fidelity searches internally and externally for a successor and ponders whether or not to refill the post at all. 

Edited by: Neil Anderson, Managing Editor

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