Fidelity Investments vice chairman James Curvey will retire at the end of the year, the firm confirmed yesterday. Curvey is 67 and currently oversees COLT Telecom Group in the United Kingdom. From 1997 to 2000 he acted as president and chief operating officer. Robert Reynolds now holds those posts.

The firm said it has no plans to appoint another executive to replace Curvey. He will also retain his board seat at holding company Fidelity Management & Research.

While Reynolds made his name building Fidelity's defined contribution machine, Curvey rose as the head of Fidelity Capital, the arm of the firm, which makes private investments. He started at Fidelity in 1982 in the firm's human resources area and founded Fidelity Capital in 1987. 

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