MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, January 22, 2014 Fido's O'Hanley to Leave at February's End For the second time in two days, a head honcho at a big five fund firm is out. Yesterday it was Mohamed El-Erian. Today it is Ron O'Hanley. The Boston Business Journal, Pensions & Investments, Bloomberg and Reuters all are reporting on an internal letter to employees by Abby Johnson, president of Fidelity Financial Services. Many Fidelity watchers had seen O'Hanley as a possible to longtime chairman Ned Johnson. His departure could be seen as confirmation that Ned's daughter Abby has taken control of the firm. Boston Behemoth executives announced O'Hanley's coming departure in a memo to their employees. O'Hanley also circulated his own memo that included his thoughts on his future. He plans to leave by the end of February. The company will announce a successor in the coming weeks, according to a statement. Printed from: MFWire.com/story.asp?s=47386 Copyright 2014, InvestmentWires, Inc. All Rights Reserved |