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Article: Outsider will run key Fidelity units 3 divisions lose independence
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- June 13, 2008
- Author:
CopyrightCopyright 2008 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Fidelity Investments yesterday named an outsider from a research
and data company to head its asset management divisions, a surprise
pick for the Boston mutual fund giant.
Michael E. Wilens will join Fidelity from Thomson Reuters, the
New York firm where he oversaw new technology and corporate growth
projects.
At Fidelity, he will oversee units including its core FMR Co.
division, which runs Fidelity's mutual funds. He will also oversee
the company's Pyramis business, which handles money for
institutions, and Strategic Advisors, which provides services
through intermediaries.
Previously, the businesses were run independently and reported to
Edward C. "Ned" Johnson III, chief executive of ...