] U.S. president is heading out, and he's joining Ned Johnson
's team. Mike Jones
is about to take over Fidelity
's Smithfield, Rhode Island-based institutional asset management arm, Pyramis Global Advisors
, as president, chairman and CEO. Pyramis boasts about $165 billion in assets.
Ryan Lund, a spokesman for Columbia parent Ameriprise
, said that Ameriprise's U.S. asset management CEO, Ted Truscott
, continues to lead Columbia.
"We appreciate Mike's many years of service to the organization and wish him well," Lund told MFWire.com
in an e-mailed statement. "We have a strong, experienced leadership team in place that will share his responsibilities."
The Boston Globe
, the Boston Herald
and Pensions & Investments
all reported on the news.
Jones will report to Fidelity president Ron O'Hanley
and will succeed Kevin Uebelein
, who will take the newly created post of global head of solutions delivery for Pyramis. He starts at Pyramis in mid-March.
Neil Anderson, Managing Editor
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