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 |
|
Friday, July 2, 2004 Fidelity VP Takes Off Jerry Garvey, senior vice president of equity trading at Fidelity Capital Markets Group, has left the firm, reported the WSJ on Thursday. "[Garvey] left to pursue other opportunities," the WSJ reported Fidelity spokeswoman Sarah Friedell, as saying. A spokesperson did not immediately return a call seeking comment. The head of Garvey's group, James MacGilvray, has reportedly been making changes to the division. It was unclear whether Garvey's departure was related to Fidelty's move to eliminate soft dollar payments for market data services last week. According to the WSJ, Fidelity Capital Markets Group offers soft dollar services to Fidelity Investments and other companies. A spokesman denied that Garvey's departure was related. Fidelity will continue to use soft dollars for research services, the vast bulk of its soft dollar payments. Printed from: MFWire.com/story.asp?s=7544 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |