Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Morrison Evaluates Next Leadership Steps For Fido's Stockpickers Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 4, 2018

Morrison Evaluates Next Leadership Steps For Fido's Stockpickers

News summary by MFWire's editors

Abby Johnson's stockpicker-in-chief is shifting to a new role, and it's not yet clear who will fill his old shoes at the Boston Behemoth.

Charles Sumner Morrison
Fidelity Investments
President of Asset Management
Brian Hogan, president of Fidelity Investments' [profile] equity and high-yield division, is shifting to Kathy Murphy's division, Fidelity's personal investing unit, the Wall Street Journal reports. There is no word yet on who will take over the Boston-based mutual fund giant's equity business.

Fidelity asset management president Charlie Morrison, a company spokesperson tells the WSJ, is "evaluating next steps for the leadership" of Fidelity's stockpicking division. Fidelity is hunting for a new equities chief, Fidelity spokesman Vin Loporchio tells Bloomberg. Meanwhile, Hogan will shift into his new role this quarter, while continuing to lead the equity unit during the transition, Loporchio tells Reuters.

Brian Brazell Hogan
Fidelity Investments
Head of Investment Solutions and Innovation, Personal Investing Division
Hogan's new role in personal investing, according to the WSJ, will be head of investment solutions and innovation. Personal investing includes Fidelity's direct online and in-person brokerage business and IRAs. Hogan succeeds Bart Grenier, who will become Fidelity International's global head of asset management and will move to London.

Hogan's shift comes after Fidelity's stockpicking unit came under fire in the fall over sexual harassment claims against two then-PMs. Hogan reportedly held an emergency meeting about the company's zero tolerance policy for harassment, and Fidelity chief Abby Johnson herself moved her desk to the equity division's floor and conveyed a similar zero tolerance message in a video message to Fidelity employees. #MeToo has definitely come to asset management.

Hogan joined Fidelity in 1994 as a bond analyst. He shifted to the equity division in 1998, and he has led the division since 2009. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use