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Rating:Only One Fundster Will Have Trump's Ear On This Not Rated 2.0 Email Routing List Email & Route  Print Print
Thursday, April 16, 2020

Only One Fundster Will Have Trump's Ear On This

Reported by Neil Anderson, Managing Editor

The scion of one of the world's biggest mutual fund companies will be the only fundster among a host of executives and others advising the leader of the free world on getting the American economy back up to speed post-pandemic.

Abigail Pierrepont Johnson
FMR (dba Fidelity Investments)
Chair, President, CEO
On Tuesday, U.S. President Donald Trump named Abby Johnson, president and CEO of Fidelity Investments [profile], as one of 15 members of a "Financial Services" Great American Economic Revival Industry Group. The group contains several executives from the hedge fund, private equity, and venture capital world, but Johnson is the only one from the mutual fund side of the business.

The financial services group is one of 17 groups Trump unveiled across a host of different areas. The heads of several asset managers' parents — J.P. Morgan, Goldman Sachs, Morgan Stanley, and Wells Fargo — were among those tapped, as well as Charles Schwab chairman Chuck Schwab. 

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