Company Press Release

Fidelity Investments Names Bob Lucido Senior Vice President Of Consulting Services Group Lucido to launch Human Resource Strategy Practice Marlborough, Mass., July 2, 2008 - Fidelity Investments today announced that Bob Lucido has joined the firm as a senior vice president in charge of a newly created Human Resource Strategy practice for Fidelity's Consulting Services business.

Lucido, 41, joins Fidelity from Watson Wyatt Worldwide where he was a human resource transformation consultant for Wyatt clients and a relationship manager for clients in New York and Connecticut.

In his new role, Lucido will lead a team of consultants to help human resource organizations work more effectively by defining their strategies and human resource operating models. His group will assist clients in areas including organizational design, process design, service delivery strategy, change management and measurement. The HR Strategy practice is part of the Consulting Services business which provides clients a holistic approach to retirement benefit strategy and design, healthcare plan design and analysis, communication and administrative services and compliance assistance.

"Companies today are looking for guidance in an increasingly complex benefits environment dominated by rising healthcare costs, pension plan volatility, retirement readiness concerns and demographic changes in the workforce," said Brad Kimler, executive vice president for Fidelity's consulting services business. "With Bob's years of experience, he is a perfect choice to lead our new practice as we help our clients identify and execute necessary organizational changes."

Lucido has 19 years of experience in the field of human resources, particularly in the areas of human resource service delivery, organizational design, change management, performance management, strategic staffing design and effectiveness measurement.

He holds a Bachelor of Science degree in Economics from the Wharton School of Business at the University of Pennsylvania and an MBA from the Stern School of Business at New York University.

Fidelity's Consulting Services business has offices in Boston, New York, San Francisco, Chicago and the Dallas/Ft. Worth area.

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of more than $3.4 trillion, including managed assets of more than $1.6 trillion as of May 31, 2008. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to 24 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.


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