Time to update your rolodexes. The MFWire.com
has learned that Paul Riley
left his post as the
chief gatekeeper at Fidelity's
mutual fund supermarket and joined Bank of America Merrill Lynch
this month. The Fidelity job is currently open.
| Paul Riley|
Riley, who was senior vice president at Fidelity FundsNetwork, is now managing director of product and strategy at Merrill Edge, the online brokerage that BofA Merrill Lynch launched last year.
Riley could not immediately be reached for comment. A Bofa Merrill Lynch was not immediately able to comment on Riley's hiring.
Fidelity is on the hunt for someone to fill Riley's former shoes.
"Typically we don't comment on former employees, but I can tell you we are actively searching for
a replacement," Fidelity spokesman Steve Austin told The MFWire.com
Riley ran Fidelity's mutual fund supermarket for seven years. Before that, he held a marketing
post at Insurance.com, a Fidelity Capital company. He began his career with Fidelity in 1996
as a product manager in the Retail FundsNetwork unit.
Riley was named by The MFWire.com as one of the 50 Most Influential People in Fund Distribution in 2009
] and one of the Most Influential People in Mutual Funds in 2010 [
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