The financial press is abuzz with curiosity on who Fidelity
will choose as Ron O'Hanley's
Maybe the question should be, who would be crazy enough to be head of asset management at the Boston Behemoth?
Matthew Brown of the Boston Business Journal analyzed O'Hanley's awkward existence
at Fidelity. For example, Brown described O'Hanley as “wedged between the company’s controlling Johnson family and its ambitious and influential fund managers, the head of asset management can find himself or herself a mere go-between who enjoys little respect from subordinates and little hope of treading the few rungs left on the Fidelity ladder.” The job, apparently, wouldn’t be an easy take for the new blood — either Brian Hogan
, president of the equity group, or Jacques Perold
, executive of the asset management.
It does sound like a big relief for their 56-year-old soon-to-be-former chief.
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